Pakistan's ongoing power crisis just added to the problem. Frequent and longer outages and higher energy costs have driven many out of business. This has rendered losses of USD 70 billion to the textile industry alone, reported Asian Lite International.
Seoul (South Korea), July 11 (ANI/Xinhua): South Korea logged a trade deficit in the first 10 days of this month due to faster growth in imports than export, caused by higher energy costs, customs office data showed Monday.
Mumbai (Maharashtra) [India], May 18 (ANI): The recent price increases by Indian cement companies will counter higher energy costs while the impact on profitability from a resurgence of coronavirus is likely to be limited, Fitch Ratings said on Tuesday.