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South Korean companies in Pakistan on brink of shutdown

Islamabad [Pakistan], February 19 (ANI): South Korean companies in Pakistan are on the brink of operational shutdown, mainly because of the import restrictions and delay in the clearance of the containers stuck at the port, reported Dawn.
The non-opening of letters of credit (LCs) for imports of raw material is costing Korean companies “millions of dollars” in lost sales, said senior officials from the state-backed trade