KARACHI: Maersk has suspended the bookings of cost and freight (C&F) export shipments until the remittances restrictions are eased by the State Bank of Pakistan (SBP).

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According to an announcement, restrictions imposed by the SBP on outward freight remittances for foreign carriers operating in Pakistan that has put Maersk in a challenging situation for accepting C&F (Freight Prepaid) shipments for the time being.

Therefore, the foreign carrier is compelled to temporarily suspend acceptance of C&F (Freight Prepaid) bookings from August 15, 2022, until remittances restrictions are eased by the SBP.

Copyright Business Recorder, 2022