Iran War affects International Cargo Services in Pakistan
Fuel prices hiked as Iran closed the strait of hormuz following american israeli strikes. This has affected the whole world but third world countries are hit the most bearing most of the brunt. Price hikes for food and other items are sky rocketting in pakistan as everything is linked to transport cost. This has also affected a major important segment in pakistan which is the export industry. According to Sialkot based sources, factories are manufacturing their products but the export cost has rendered businesses useless. Cargo rates for international shipments have increased heavily leading to a big reduction in international shipments and couriers. According to Khan, the CEO of PQ International Courier and Cargo Services worldwide have been seriously affected. Pakistan to USA cargo has reduced by 40 percent while Pakistan to UK Courier services have seen a reduction of 45 percent according to Khan. If the war does not end sooner, the costs of everyday items will increase 5x fo...