As a result, Pakistan’s manufacturing activities may slow down as major raw material and finished goods come from China and a further delay could have an adverse impact, which could fuel inflation and hurt some key sectors of the economy. Steel industryThe long-term impact of the coronavirus is still up in the air in China and around the globe. Pakistan’s steel industry is dependent on raw material imports from China and Japan. On an average, companies have three to four months of raw material backup in warehouses to cater to domestic demand. Pharmaceutical sectorChina is a major manufacturer of low-cost generic drugs and raw material.

Source: The Express Tribune March 07, 2020 04:41 UTC