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Karachi Cooperative Market Fire: Traders suffer loss worth Rs5-10 billion

Over 450 shops at Karachi’s Saddar market were destroyed in fire

Fire erupts in Karachi’s Cooperative MarketTraders suffer loss worth Rs5-10 billion | OyeYeah News

The fire at Karachi’s Cooperative Market on Saturday has caused traders a loss worth Rs 5 to 10 billion.

Over 450 shops at Karachi’s Saddar market were gutted in the fire a day ago in a matter of just 15 minutes. 

Karachi Commissioner Iqbal Memon while talking to media said that all the shops located in the market had been destroyed.

He said the cooling process was underway. “We will be able to estimate the losses only after the cooling process is completed,” he added.

However, the cause of the fire could not be ascertained as yet,” he explained.

While the owners of the shops are trying to remove leftover stock from the market, while some part of the market is still blazing under fire as rescue operations continue.

Traders lamented that despite such a hefty loss, no official visited the place.

the authorSaman Siddiqui
Saman Siddiqui, A freelance journalist with a Master’s Degree in Mass Communication and MS in Peace and Conflict Studies. Associated with the media industry since 2006. Experience in various capacities including Program Host, Researcher, News Producer, Documentary Making, Voice Over, Content Writing Copy Editing, and Blogging, and currently associated with OyeYeah since 2018, working as an Editor.