Karachi: Global logistics company DHL has said it will suspend all its operations partially in Pakistan due to restrictions on outbound remittances by the government, media reports said.
DHL Pakistan has informed its customers that it is suspending Import Express Product and restricting outbound shipments to a maximum weight of 70kg per shipment for all customers billed in Pakistan from March 15, reports Dawn News.
The company announced that its last pickup date will be March 14.
The company said shipments picked up on or before this date would still be delivered.
Amid fast-dwindling foreign exchange, the PMLN-led coalition government and the State Bank of Pakistan have imposed restrictions on outward remittances for foreign companies operating in Pakistan, reports Dawn News.
The remittances sent by DHL Pakistan cover the cost of DHLs international aviation, hub, gateway and last-mile delivery incurred through our global network for the shipments sent/received by valued customers, the courier service provider said, adding that this constraint has made it unsuitable for DHL Express to continue providing the full product offering in Pakistan.
Meanwhile, Businessmen Group (BMG) chief Zubair Motiwalla told the newspaper the government should settle the grievances of DHL amicably as exporters need the foreign courier service for sending their samples to foreign buyers.
