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RSS FeedsIndustry struggling to stay afloat during coronavirus lockdown in Pakistan
(WorldNews Pakistan)

 
 

7 april 2020 11:26:54

 
Industry struggling to stay afloat during coronavirus lockdown in Pakistan
(WorldNews Pakistan)
 


KARACHI: For the local businesses in Pakistan, losing exports is no longer a primary concern as the country struggles to contain the coronavirus epidemic. The industrial sector says it is now struggling to stay afloat amid the lockdown, with growing numbers of industrialists, already burdened with multiple taxes, higher interest rates and utility charges, expressing their inability to pay workers next month. For the industrialists, the ongoing lockdown has led to income erosion and additional cost of doing business, as they have to pay salaries and arrange rations for idle workers and daily wage earners. According to the Chairman of the Council of Textile Associations Zubair Motiwalla,...


 
10 viewsCategory: General > Asia > Pakistan
 
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