The Wholesalers market in Pakistan's Karachi on Thursday announced a shutdown to protest against the rate list issued by the commissioner.

The decision related to the shutdown was taken during an emergency meeting of the wholesalers’ body in Karachi.

The shopkeepers of the Jodia Bazar, the city’s biggest wholesale market, rejected the rate list issued by the Karachi commissioner and announced shutting down the market, reported Ary News.

Chairman Wholesale Grocers Association Abdul Rauf Ibrahim in his statement urged the commissioner to ensure delivery of the items if he wants the commodities to be sold according to his rate list, the news channel reported.

He said the ex-mill rate of the sugar is Rs134 per kg, how the same can be sold at Rs123 per kg in the wholesale market, he questioned.

"We cannot bear the loss of millions on a daily basis," Rauf told Ary News while announcing shutting down the wholesale market from today.