Navigating turbulences of conflict

“Volatility has become so extreme that suppliers are quoting prices valid for only an hour,” says Fahd Chinoy, CEO of Pakistan Cables, in an exclusive interview with Dawn last Friday. Constituting about 60 to 80 per cent of the cost of wire and cables, copper is an essential imported input. In the last six months, copper prices have surged from around $10,000 per tonne to over $13,000 by the time markets closed on March 6, according to the London Metal Exchange. While international copper pri...

By none@none.com (Fatima S Attarwala)