The Other Side-Pakistan: The transportation cost of containerized cargo across the globe has increased by up to 700 %.
The same has taken place in Pakistan as well.
This is being attributed to abnormal growth in imports as the global economies reopen following COVID-19 pandemic-related lock downs.
Pakistan International Freight Forwarders Association’s Former Chairman and CEO of Agility Pakistan, Malik Moin, told media that freight charges for cargo in a 20-feet container arriving from China to Pakistan increased to $2,000-$3,000, as compared to around $700 in June 2020.
Pakistan mainly imported cargo through the Far Eastern countries like Thailand, China, Hong Kong, and Singapore, he mentioned.