Tag: trade deficit
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South Asia: Ship recycling sector improves in India, Pak; Bangladesh reels under challenges
The South Asian ship recycling sector experienced mixed movement characterised by India’s resilience amid challenges, while Pakistan shows unexpected strength and Bangladesh grappled with significant struggles. India led as the preferred destination with increased vessel activity at Alang despite fluctuating steel prices and a weakened rupee. Pakistan’s market unexpectedly strengthened, surpassing Chattogram, but still faces…