Lahore, July 22 (ANI): The World Bank’s most recent Logistics Performance Index (LPI) has ranked Pakistan at number 71 out of 155 surveyed countries. Singapore is the leading country in the survey.
Pakistan continues to rank in the middle despite its location at an ideal geopolitical crossroads, reports The Express Tribune.
The LPI ranks countries by analysing the efficiency of customs and border management clearance; the quality of trade and transport infrastructure; the ease of arranging competitively priced shipments; the competence and quality of logistics services; the ability to track and trace consignments; and the frequency with which shipments reach consignees within scheduled or expected delivery times.
The first LPI survey in 2007 had ranked Pakistan at number 68, which dropped to 110 in 2010. The sudden drop was mainly due to destructive nationwide flooding, which critically damaged the infrastructural network in the country.
Therefore, although still very low, Pakistan’s current rank has improved 29 positions since the last report. The betterment in rank has been achieved primarily due to the attention of the government, donor agencies and financial institutes to rebuilding damaged infrastructure.
Pakistan’s logistics mostly rely on the road network. According to World Bank’s statistics, 96 percent of national freight traffic is carried on road networks. This is mainly due to the failure of Pakistan Railways’ freight operations, which have been at a halt since 2011, and only briefly resumed this year.
Freight journeys via road normally take 2-4 times longer than they would in Europe, mainly due to poor and unreliable infrastructure. This constrains Pakistan’s ability to integrate into global supply chains, which require just-in-time delivery. (ANI)