Industries suffering amid raw material scarcity.

The Lahore Chamber of Commerce and Industry (LCCI) on Tuesday urged the government to formulate a policy on the import of raw material. In a statement released on Tuesday, acting LCCI President Zafar Mehmood Chaudhry warned, "Industrial closure due to an acute shortage of raw material will be a new phenomenon that is likely to disturb the government in the coming days." He said that the banks' refusal to issue LCs is delaying the industry's access to raw material. As a result, both the industry's ability to meet local market demand...