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Panic buying in some markets has created shortage of key commodities like branded flour bags besides pushing up demand for items including pulses, ghee/cooking oil, sugar and rice by 20-30 per cent.
Former Vice Chairman PVMA and President Korangi Association of Trade and Industry (KATI), Sheikh Umer Rehan said only 1pc of highly panicked elite class thronged super stores and markets in Karachi to lift bulk quantities of ghee and cooking oil while cash hit buyers are just watching the situation. He claimed that buyers in Punjab had still not resorted to panic buying.
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