To control the situation, the government may ask international shipping companies to rationalise freight charges during these testing times. Some experts believe freight charges may go back to pre-Covid levels in four to six months. “International freight charges have surged by up to 500-700% over the past couple of months,” said Pakistan International Freight Forwarders Association former chairman Malik Moin while talking to The Express Tribune. The abnormal growth in demand for the containerised cargo sent international freight charges soaring. Pakistan’s importers and exporters pay $5-6 billion every year in international freight charges to the shipping companies.

Source: The Express Tribune March 16, 2021 03:33 UTC