MACROECONOMY

Pakistan’s macroeconomy in the first half of 2023 continued to face challenges as inflation soared to 36.4% in April and the interest rate remained at a high of 21%. The Pakistani Rupee continued to weaken, with the exchange rate surpassing 280 PKR per USD, and foreign exchange reserves remained low. In these difficult circumstances, Pakistan is in need of IMF funding to help stabilize its economy and address its fiscal challenges.

OVERVIEW

Pakistan is a developing country and its warehousing and logistics industry is an essential part of its economic infrastructure. The industry provides critical services such as storage, transportation, and distribution of goods across the country. Over the past decade, the industry has seen significant development due to the growth of the industrial and manufacturing sectors and the rise of e-commerce. This has led to greater demand for warehousing space and logistics services, particularly in urban areas such as Karachi, Lahore, and Islamabad.