AGL 38.48 Decreased By ▼ -0.08 (-0.21%)
AIRLINK 203.02 Decreased By ▼ -4.75 (-2.29%)
BOP 10.17 Increased By ▲ 0.11 (1.09%)
CNERGY 6.54 Decreased By ▼ -0.54 (-7.63%)
DCL 9.58 Decreased By ▼ -0.41 (-4.1%)
DFML 40.02 Decreased By ▼ -1.12 (-2.72%)
DGKC 98.08 Decreased By ▼ -5.38 (-5.2%)
FCCL 34.96 Decreased By ▼ -1.39 (-3.82%)
FFBL 86.43 Decreased By ▼ -5.16 (-5.63%)
FFL 13.90 Decreased By ▼ -0.70 (-4.79%)
HUBC 131.57 Decreased By ▼ -7.86 (-5.64%)
HUMNL 14.02 Decreased By ▼ -0.08 (-0.57%)
KEL 5.61 Decreased By ▼ -0.36 (-6.03%)
KOSM 7.27 Decreased By ▼ -0.59 (-7.51%)
MLCF 45.59 Decreased By ▼ -1.69 (-3.57%)
NBP 66.38 Decreased By ▼ -7.38 (-10.01%)
OGDC 220.76 Decreased By ▼ -1.90 (-0.85%)
PAEL 38.48 Increased By ▲ 0.37 (0.97%)
PIBTL 8.91 Decreased By ▼ -0.36 (-3.88%)
PPL 197.88 Decreased By ▼ -7.97 (-3.87%)
PRL 39.03 Decreased By ▼ -0.82 (-2.06%)
PTC 25.47 Decreased By ▼ -1.15 (-4.32%)
SEARL 103.05 Decreased By ▼ -7.19 (-6.52%)
TELE 9.02 Decreased By ▼ -0.21 (-2.28%)
TOMCL 36.41 Decreased By ▼ -1.80 (-4.71%)
TPLP 13.75 Decreased By ▼ -0.02 (-0.15%)
TREET 25.12 Decreased By ▼ -1.33 (-5.03%)
TRG 58.04 Decreased By ▼ -2.50 (-4.13%)
UNITY 33.67 Decreased By ▼ -0.47 (-1.38%)
WTL 1.71 Decreased By ▼ -0.17 (-9.04%)
BR100 11,890 Decreased By -408.8 (-3.32%)
BR30 37,357 Decreased By -1520.9 (-3.91%)
KSE100 111,070 Decreased By -3790.4 (-3.3%)
KSE30 34,909 Decreased By -1287 (-3.56%)

FAISALABAD: Anjuman-e-Tajran city Faisalabad president while totally rejecting NCOC’s announcement with reference to Eidul Fitr holidays from May 10th-15th, stated that shutting down the country for nine consecutive days is unacceptable as it would create a lot of problems for the economy and the business community, particularly the exporters who will not be able to dispatch their shipments abroad due to complete closure of banks, ports, customs and all other departments during excessive holidays.

In a statement issued, Shahid Sikka said, “As Eid ul Fitr is likely to be observed in Pakistan either on 13th or 14th May, the decision to announce holidays from 10th to 15th May is not making any sense, hence, it must be reviewed to save the economy and businesses from suffering grave losses due to prolonged inactivity period of nine consecutive days starting from Saturday, May 8th, to Sunday, May 16th.”

khawaja Shahid Razzaq Sikka was of the view that the Business & Industrial Community of Faisalabad has already suffered losses due to limited business hours imposed to contain further spread of Covid-19 pandemic whereas the suspension of banking services and port operations for nine consecutive days would further multiply the losses for trade, industry, businesses and the economy.

Keeping in view the depressed performance of almost all the sectors of the economy particularly the dwindling exports, the government will have to make sure that the wheels of industry keep on spinning without any interruption while the ports along with banks and other necessary departments must also remain completely operational for maximum possible period before the Eid festival.—PR

Copyright Business Recorder, 2021

Comments

Comments are closed.