Steel industry in trouble: PALSP
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Update time : 2023-02-14 17:07:41
The country is grappling with a major shortage of steel rebars as a result of the government’s failure to open Letters of Credit (LCs) for raw material required by the industry. Matters have been further exacerbated by the recent announcement of a rise in energy prices and an increase in the General Sales Tax (GST) as part of the International Monetary Fund’s (IMF) conditions.
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