Deepening crisis in Pakistan
– Photo: Social Media
Expansion
Another crisis has deepened on Pakistan which is facing financial crisis. Indeed, shipping agents have warned the Pakistani government that all export cargo may stop as foreign shipping lines consider stopping their services to the country. Agents have said that the problem is arising as banks have stopped paying freight charges to them due to lack of availability of dollars.
Pakistan Ship Agents Association (PSAA) President Abdul Rauf in a letter to Finance Minister Ishaq Dar has warned that almost all international logistics from Pakistan, except to border countries, is handled by sea and any disruption will affect the country’s international trade. can cause serious problems for
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The association warned that the economic situation would worsen if international trade was stopped. Dawn newspaper reported that the PSAA president has also written letters to State Bank of Pakistan (SBP) governor Jameel Ahmed, commerce minister Syed Naveed Namar and maritime affairs minister Faisal Sabzwari. But at present no hearing is taking place.
Rauf urged the relevant ministries and departments to intervene to ensure continuity in Pakistan’s maritime trade by allowing outward remittance of excess freight amount to concerned foreign shipping lines. The letter states that due to the closure of outward remittance of surplus cargo amount to the concerned foreign shipping lines, the maritime trade of Pakistan, which is heavily dependent on foreign shipping lines, is being hampered.
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