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18 Jan
14:16

Delayed financing hurts Pakistan construction industry: AHL

The inability of Pakistan’s steelmakers to finance raw materials imports poses “dire consequences” for the availability of steel going forward, says Pakistani brokerage firm Arif Habib (AHL) in a report seen by Kallanish. Amid dollar volatility coupled with negligible ongoing external repayments and delays in the IMF programme, the State Bank of Pakistan has reduced the issuance of letters of credit (LC). "In our recent interaction with ste…
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