Pakistan, May 10 -- The consecutively escalating petroleum prices are not only impacting the production cost but have also disrupting the upstream and downstream supply chain of the industrial sector. The recent increase in petrol and diesel prices by PKR 14.92 and 15 respectively has rung alarm across the country, mainly in its economic hub, Karachi. The issue is, that the import-dependent SMEs like pharma and the auto-parts sector are already being hit with a burning hammer, as over 90 percent of the active pharma ingredient (API) is imported from China via air freight along with a fuel surcharge, whereas, in the auto-parts industry, paint, rubber and plastic inputs are oil-linked. Yet, the increase in petroleum levy by the government h...
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