COVID-19: LPG industry demands bailout package in economic slowdown.

ISLAMABAD -- The Liquefied Petroleum Gas Industries Association Pakistan (LPGIAP) on Friday demanded a bailout package from the government in economic slowdown caused by the coronavirus (COVID-19) evolving situation across the country.

'The LPG industry is suffering a loss of around Rs 500 million on monthly basis after the federal and provincial governments ordered lockdown in the wake of coronavirus. Our 70 percent business has come to a halt,' LPGIA Chairman Irfan Khokhar said while talking to reporter.

He said 70 percent of LPG's total supplies were being used in auto sector, industries, hotels and restaurants, tandoors and marriage halls, which were now facing shutdown as preventive measures to contain the spread of virus.

He said almost 300 LPG marketing companies were operating in the country and providing jobs to more or less 200,000 people, adding it was difficult for them to pay salaries to their employees and bearing other running expenses for months without having any business.

Citing the...