Unpredictable fuel pricing mechanism hurting industry: SAI
KARACHI: Abdul Rehman Fudda, President of the SITE Association of Industry Karachi, warned that Pakistan’s industrial sector and export economy were facing a mounting crisis as the governme
Share
Desk Analysis
How This Affects the Exchange
Sector Effect
Negative · Do not buy
Cautious read for Oil & Gas, Transport, Economy — price/volume reaction may stay soft near-term.
Sectors & Direction
Desk read
Desk call: Do not buy · Negatively affected
- Oil & GasNegatively affected
- TransportNegatively affected
- EconomyNegatively affected
Companies
Mentions in This Briefing
Sectors: Oil & Gas, Transport, Economy — Negative · Do not buy. PSX tickers: OGDC, PPL, MARI, PSO, SNGP, ATRL. Cautious read for Oil & Gas, Transport, Economy — price/volume reaction may stay soft near-term.
Full Story
Open on Business Recorder**KARACHI: Abdul Rehman Fudda, President of the SITE Association of Industry Karachi, warned that Pakistan’s industrial sector and export economy were facing a mounting crisis as the government’s policy of revising petroleum prices every day or every other day drove up transportation costs, disrupted factory supplies and threatened the country’s competitiveness in international markets.</
Source: Business Recorder — https://www.brecorder.com/news/40436805/unpredictable-fuel-pricing-mechanism-hurting-industry-sai