DHL, a global logistics company, has recently announced that it will be reducing its operations in Pakistan due to restrictions on remittances outflow and worsening economic conditions. The company cited a number of factors for the decision, including high inflation, a weak currency, and a challenging business environment.
Pakistan’s foreign investment in shambles
Pakistan has been facing economic challenges in recent years, including a large trade deficit and a struggling economy. These factors have made it difficult for businesses operating in the country, including DHL, to maintain their operations and profitability.
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The reduction in DHL’s operations is likely to have a negative impact on the country’s economy, as the company provides a vital service for many businesses and individuals. It is also a major blow to the country’s efforts to attract foreign investment and improve its economic growth.
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