Published August 18, 2026 Updated about 3 hours ago KARACHI: President of the Korangi Association of Trade and Industry (KATI) Muhammad Ikram Rajput has urged the government to review petroleum pricing mechanism and introduce a transparent and predictable system under which prices are determined either on a monthly basis or every 15 days. Such a mechanism, he said, would enable industrialists, traders and transporters to better estimate their costs and make more effective business decisions. Welcoming the goods transporters decision to defer the nationwide strike for 40 days following successful negotiations between government representatives and transporters, describing it as an important and positive development for the national economy, industry, trade and continuity of the supply chain, Rajput extended special appreciation to the Prime Minister, saying the prime minister had played an effective role in addressing the longstanding issues of the transport sector and helping resolve the current crisis. The KATI president said the nine-day strike by goods transporters had severely disrupted industrial and commercial activities, exports, imports, supply chains and overall business operations across the country. “Goods transportation is a fundamental pillar of economic activity in Pakistan. When the wheels of transportation stop, the…