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Hand Sanitiser prices to rise as demand surges due to coronavirus fear

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Hand Sanitiser prices to rise as demand surges due to coronavirus fear

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Following the outbreak of coronavirus in China and reporting of a few cases in Pakistan, the demand for hand sanitisers has increased dramatically, which is feared to spark price hike as the supply of raw material for the product stops from China.

The Express tribune reported that, Pakistan’s demand for around 1,200 tons of sanitisers per year has now soared to 3,000 tons. Pakistan imports raw material for the cleanser from China and also the product itself, however, imports from the neighbour have been suspended as a preventive measure against the spread of coronavirus, according to Zaki. Furthermore, China’s demand has also surged, which is why it is focusing more on meeting its own requirement instead of focusing on exports. Hence, raw material was not available in the market and prices would rise shortly, he added.

“Due to the shortage of stocks, the prices may increase around 200%, as that happened with surgical masks – their prices have skyrocketed from Rs200 to Rs1,000 per pack.”

Will coronavirus affect CPEC and Pak economy?

Pakistani officials believe the coronavirus will have no repercussions on the CPEC projects and China will not send any of its national to Pakistan without completing the 14-day quarantine period. However, former chairman Parliamentary Committee on CPEC believes the delay in Chinese workers return will slow down the CPEC projects and subsequently hamper the country’s economy. At present the number of Chinese nationals working on different CPEC projects in Pakistan is around 10,000 to 15,000. Besides CPEC, thousands of other Chinese are residing in Pakistan for business purposes or working on some other projects. A majority of them had left for China to celebrate the Chinese New Year with their families, official sources confirmed.

Also read: Pakistan’s first patient recovers from coronavirus as global number crosses 100,000

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