Traders face millions in loss as Pakistan sees a decline in Coronavirus
- The decline in the Corona cases has cost opportunistic traders and investors millions.
- Millions of rupees were sunk by traders hoarding sanitizers, masks, and other items.
The steady decline in cases of Coronavirus has brought difficulties for opportunistic investors. Due to the decline in cases, crores of rupees have sunk by opportunistic investors.
As estimates proved to be wrong, citizens have stopped buying masks and other items as cases have dropped.
Due to the steady decline in demand for face masks, the price of N95 masks sold at Rs 1,400 in black has come down to Rs 150. Private laboratories buying antibody testing kits are also facing a loss of crores of rupees, the nebulizer said. Businesses are suffering due to the continuous decline in demand for other devices, including oxygen cylinders.
A businessman affiliated with the Demand and Supply Group of Corona Rescue Equipment in Rawalpindi said that as soon as Corona’s severity in Pakistan came to light, hundreds of opportunistic investors resorted to Corona Prevention and Corona Masks, PPS had invested crores of rupees in disinfectants and other devices to make billions of rupees in profits but the game turned upside down and surprisingly, contrary to Corona experts and global statistics, the number of Corona victims in Pakistan is declining rapidly.
In the last 24 hours, 17 deaths and 782 cases of coronavirus have been reported in the country. 1,294 patients are being treated in 735 hospitals of the country while 163 patients are on a ventilator.
In the last 24 hours, out of 20,461 tests, 782 people were diagnosed with coronavirus. Sindh topped the list with 122,759 patients, Punjab 94,040, Khyber Pakhtunkhwa 34,432, Islamabad 15,182, and Balochistan 11,000. 821
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