Pakistan is still struggling with the aftermath of the devastating floods of September 2022.
(Photo: Reuters)
Bangkok The containers in the port of Karachi are filled with lentils, pharmaceuticals and industrial chemicals – goods that are urgently needed in Pakistan. However, the goods are currently not reaching their destination. Many importers are no longer able to raise enough US dollars to pay for deliveries.
“Thousands of containers are stranded because of the shortage of dollars,” complains the head of the Pakistan Customs Union, Maqbool Ahmed Malik. Tankers with petrol and liquid gas are also currently waiting in vain for their money.
Behind the payment problems in Pakistan is a severe economic crisis that has worsened in recent days. The heavily indebted country in South Asia, which was further affected by a flood disaster last year, is on the verge of bankruptcy. The approximately 230 million inhabitants who are dependent on imports from abroad are now threatened with acute food and energy shortages.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue