Thursday, June 2, 2022

40,000 Factories At Risk Of Closing In Pakistan's Commercial Capital Amid Fuel Crisis

"Pakistan faces potential economic collapse as inflation jumps and widespread civil unrest
could be nearing. The latest sign the South Asian country is spiraling into the abyss is rising electricity costs that threaten to close tens of thousands of businesses.
Bloomberg reports that as many as 40,000 factories in Karachi, the country's commercial capital, are being slapped with high power costs that make operating near impossible." ZH

No comments:

Post a Comment