International logistics company, DHL, announced that it will partially suspend some of its operations in Pakistan due to restrictions on outbound remittances by the government.
DHL Pakistan has informed its customers that it will suspend its “Import Express Product” and restrict outbound shipments to a maximum weight of 70kg per shipment for all customers billed in Pakistan from March 15.
According to Dawn, the company has stated that the last pick-up date will be March 14, and shipments picked up on or before this date will still be delivered.
The decision comes as the PMLN-led coalition government and the State Bank of Pakistan have imposed restrictions on outward remittances for foreign companies operating in Pakistan amid fast-dwindling foreign exchange.
DHL has stated that the remittances sent by DHL Pakistan cover the cost of DHL’s international aviation, hub, gateway, and last-mile delivery incurred through its global network for the shipments sent/received by valued customers. The company has added that this constraint has made it unsuitable for DHL Express to continue providing the full product offering in Pakistan.
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