Tag: Pakistan economic crisis 2024
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South Asia: Pakistan’s ship recycling market remains dormant, Bangladesh faces economic challenges
India’s Alang remains leading player in South Asia Funding shortages, LC restrictions impact Pakistan This week, South Asian ship recycling markets showed mixed trends. India’s Alang remained strong, securing nearly 40,000 LDT despite lower price levels. However, Pakistan’s market struggled, with no tonnage received at Gadani, due to funding shortages and economic instability. Meanwhile, Bangladesh…