The purpose of this notification is to intimate that, effective Nov 01, 2022, Move Express & Logistics Pvt. Ltd “MOVEX” has decided to shut down its Business Operations.
Back in 2019, company started from a tiny 10X16 sqft small room in outskirts of Karachi, and at its best time, was serving around 5000+ businesses across 311+ cities & towns, through its 36 offices, covering 90+% drop density across Pakistan, delivering between 12000 to 25000 shipments per day, and served millions of consumers at their doorstep.
Company was known for its Customer Centric Team, E2E Service Experience, Technology and Operational excellence across Pakistan, reaching at #7 (out of top 10 3PLs) in terms of Network Coverage, Volume, and Range of Services.
Events of last 2/3 years, with adversaries like Covid-19, Ukraine War, Energy, Fuel, Food crises and global recession have very adversely impacted global economies & businesses around the world. For Pakistan, this got coupled with inflation, rupee devaluation, fuel prices, floods and early change of government, followed by extremely damaging events leading towards continued political unrest.
All businesses, including Logistics Industry, which is majorly B2B, B2C and contract intensive business, are worst hit. Transport intensed businesses like Last Mile Delivery services are facing huge impact and are under tremendous cost pressures, making it unsustainable to continue operating in huge losses. Quite few have either already shut down the business, or are in the process of scaling down, looking for the options of business collaboration/mergers or closing down etc.
Move Express & Logistics Pvt Limited also believed in Pakistan, as well as potential of the logistics business, and invested heavily. Unfortunately the events stated above, ever increasing cost of operations, lower business activity, and almost zero capacity with customers to absorb the impact of additional cost in the price, forced the company to take the not very easy decision of closing down the business operations.
Over the years, Move Express & Logistics Pvt Ltd, enjoyed the relationship with our customers, suppliers, employees and would like to thank all for the patronage and support all along, as without that “Move Express & Logistics Pvt Ltd” could not have been as successful as it was without your support and loyalty. Thank you for being with our company in all its ups and downs.
For effective contact, coordination and response to ensure quick settlement of any outstanding issues/dues, please reach out to email@example.com and our representative Mr. Rizwan on UAN # 0311-1999993 during working hours (0900 – 1800 hrs) Monday till Friday.