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Cargo piles up as logistics services are hit by Pakistan forex crisis

Cargo piles up as logistics services are hit by  Pakistan forex crisis

Cargo piles up as logistics services are hit by Pakistan forex crisis

With forex transactions becoming a major challenge, express logistics leader DHL said it was forced to suspend operations in Pakistan from 15 March for locally invoiced imports and restrict handling outbound shipments to a maximum of 70 kg until further notice.

In recent months, the regulatory authorities have imposed restrictions on outward remittances for foreign companies operating in Pakistan,” DHL Pakistan told customers.

According to DHL, the restrictions have severely crimped its ability to continue providing the full range of product offerings for shipments out of Pakistan.