AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

KARACHI: Small traders rejected on Wednesday the government’s decision to ensure early closure of businesses in order to conserve energy, saying that the federal government should curb its non-productive spending instead.

They also urged the coalition government to dissolve its huge cabinet of 70-odd members and end its “luxuries” if it really wants to support the economy by conserving resources like energy.

“We reject the government’s decision of forcing markets to close at 8:30pm,” said Mehmood Hamid, president of the Karachi chapter of All Pakistan Organisation of Small Traders and Cottage Industries.

He termed the government’s move “anti-economy”, saying that the authorities have other options also to save energy and should, therefore, spare businesses from early closure.

He said that the government’s 78-member cabinet is a burden on the cash-strapped nation, and called for its dissolution to scale down budgetary spending. “Billions of rupees are spent on luxuries and security protocols of the government’s functionaries, which problem should be addressed,” he said and added that corruption should also be controlled.

Mehmood Hamid was of the view that early closure of businesses would have a negative impact on the ailing economy, suggesting that the move could be aimed at pushing traders towards financial chaos.

Meanwhile, a spokesperson for the All Pakistan Anjuman-e-Tajiran, Ismail Lalpuria, said the federal and Sindh governments should focus on stopping street crimes. He claimed that thousands of citizens and traders had fallen victim to muggers and robbers in one month.

He termed the energy conservation plan a “drama” and added that the federal and provincial governments are more concerned about how to prolong their rule. He said that traders of Islamabad, Khyber Pakhtunkhwa, Punjab and Sindh are united in resisting the government’s move of forcing early closure of shops, business centres and marriage halls.

Copyright Business Recorder, 2023

Comments

Comments are closed.