National economy, Business community and Common citizens have suffered huge losses due to sit-ins across the country and floods in Punjab province. Chairman Sub-Committee on Media and Publication, Hyderabad Chamber of Commerce and Industry (HCCI), Qayum Nusrat said this while talking with Business Recorder here on Tuesday.
Business Community in Sindh province has suffered huge losses because they have huge stocks of products in their godowns which could not have sent to other provinces especially Punjab where more than 60 per cent of products are consumed. A large number of factory owners are worried about their huge products' stock because expiry date is approaching very near, he stated.
Besides this, factory owners have been compelled to end one shift out of three shifts because of decline in sale. There are motorcycle manufacturing units in Hyderabad and majority of them have reduced working hours by closing one shift. Expressing serious concerns over the rise of unemployment, he said that sit-ins are not being held only in Islamabad but also in other cities of the country which are hindering the business activities.
Because of overall situation, the economy is suffering severe losses of billion rupees in term of taxes and transactions across the country. He said that the government should play an effective role in resolving the issue of sit-ins especially by dialogue as the environment of uncertainty could be ended.