DHL Pakistan, a well-known logistics company, recently announced its decision to reduce its operations in Pakistan. The company has cited the imposition of restrictions on outward remittances by the authorities as the reason for this decision. In a notice circulated on social media, DHL Pakistan has informed its customers that the remittances they receive from Pakistan cover various expenses incurred by the company, including international aviation, hub, gateway, and last-mile delivery costs.
The company has expressed regret over this development and acknowledged the importance of express shipping for the business and supply chain of its valued customers. However, due to the constraints imposed on remittances, DHL Express will be suspending its Import Express Product and restricting outbound shipments to a maximum weight of 70 kg per shipment for all customers billed in Pakistan, effective March 15, 2023. The last pick-up date will be March 14, 2023, and shipments picked up on or before this date will still be delivered.
Also Read: Today NA 193 Election Result RAJANPUR 2023
DHL Pakistan has assured its customers that it is in regular contact with the authorities to allow pending remittances, so it can resume full services in Pakistan as soon as possible.
Reason Behind DHL Pakistan Reduces Operations
This development has occurred at a time when Pakistan’s foreign exchange reserves have reached a concerning level with less than one-month import cover. The country’s finance authorities are presently engaged in negotiations with an IMF delegation to reach a staff-level agreement that would release a $1.1 billion loan installment to the country, which is currently facing a cash crunch.