Pakistan Is Out Of Foreign Exchange! The Importer Cannot Clear The Customs, The Shipping Company Possible Suspend The Service in The Country

It is reported that Pakistan's economic crisis is worsening due to insufficient foreign exchange reserves. Many foreign traders in the Pakistani market recently encountered the same situation: the buyer said that the bank has no US dollars, and can only do L/C 180 days. And due to restrictions on banks issuing letters of credit for importers, buyers cannot obtain US dollars to pay for goods, and a large number of containers full of imported goods are piling up in the country's ports. Faced with a challenging market environment, the Pakistan Shipping Agents Association (PSAA) has warned that shipping companies represented by them will consider suspending services from the country to overseas.