KARACHI: Air Cargo Agents Association Pakistan (ACAAP) warned government that all export cargoes by air could come to halt as “Banks stopped remitting freight charges to foreign airlines over dollar shortage for three months”.

According to details, Air Cargo Agents Association Pakistan penned down letter to Ministers for Aviation and Finance and Governor State Bank of Pakistan noted that foreign airlines were considering stopping their services for Pakistan after banks stopped remitting freight charges to them over “Dollar shortage” for three months.

Due to ban on Pakistan International Airline, these foreign airlines uplift more than 85 percent of export cargo to all international destinations and contribute millions of dollars in earnings to national exchequer.

ACAAP warned that if foreign airlines stopped their services for Pakistan, serious issues could be created for country’s international trade.

“If international trade is stopped economic situation will worsen,” Association warned, urging government to issue orders for immediate supply of dollars for air cargo services.

Published in The Daily National Courier, January, 31 2023

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