Japanese tsunami to hit Pakistan auto industry

1 ANSWERS

1. Marie
   

    Japanese earth quake accompanied by the worst ever Tsunami ravages since World War II may potentially carry implications for global currencies, commodity markets and auto industries in the developing world including Pakistan. One of the major impacts of Japanese tsunami on auto industry due to possible disruption of supplies of parts may consequently result in further increase in car prices in the domestic market. Yet another impact of the Japanese disaster could be Yen appreciation consequently raising parts and CKD costs.

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