Cargo piles up as logistics services are hit by Pakistan forex crisis
Logistics providers serving Pakistan are being forced to curtail services as the country’s cash-strapped economy ...
Pakistan’s shipping industry is feeling sidelined. Which is not much of a surprise when you see that the country depends on foreign shipping lines for 95% of its $60bn in external trade. The government comes in for particular criticism in this interesting article on the country’s sea trade. As one businessman said: “When there is a transit trade hub in Dubai that allows free flow of currency, who would risk sinking in a place that lacks basic support services?”
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