AIRLINK 74.29 Increased By ▲ 0.29 (0.39%)
BOP 4.95 Decreased By ▼ -0.07 (-1.39%)
CNERGY 4.37 Decreased By ▼ -0.05 (-1.13%)
DFML 38.80 Decreased By ▼ -0.40 (-1.02%)
DGKC 84.82 Decreased By ▼ -1.27 (-1.48%)
FCCL 21.21 Decreased By ▼ -0.44 (-2.03%)
FFBL 34.12 Increased By ▲ 0.11 (0.32%)
FFL 9.70 Decreased By ▼ -0.22 (-2.22%)
GGL 10.42 Decreased By ▼ -0.14 (-1.33%)
HBL 113.00 Decreased By ▼ -0.89 (-0.78%)
HUBC 136.20 Increased By ▲ 0.36 (0.27%)
HUMNL 11.90 No Change ▼ 0.00 (0%)
KEL 4.71 Decreased By ▼ -0.13 (-2.69%)
KOSM 4.44 Decreased By ▼ -0.09 (-1.99%)
MLCF 37.65 Decreased By ▼ -0.62 (-1.62%)
OGDC 136.20 Increased By ▲ 1.35 (1%)
PAEL 25.10 Decreased By ▼ -1.25 (-4.74%)
PIAA 19.24 Decreased By ▼ -1.56 (-7.5%)
PIBTL 6.71 Increased By ▲ 0.03 (0.45%)
PPL 122.10 Decreased By ▼ -0.90 (-0.73%)
PRL 26.65 Decreased By ▼ -0.04 (-0.15%)
PTC 13.93 Decreased By ▼ -0.40 (-2.79%)
SEARL 57.22 Decreased By ▼ -1.90 (-3.21%)
SNGP 67.60 Decreased By ▼ -1.90 (-2.73%)
SSGC 10.25 Decreased By ▼ -0.08 (-0.77%)
TELE 8.40 Decreased By ▼ -0.10 (-1.18%)
TPLP 11.13 Decreased By ▼ -0.10 (-0.89%)
TRG 62.81 Decreased By ▼ -2.04 (-3.15%)
UNITY 26.50 Increased By ▲ 0.25 (0.95%)
WTL 1.35 Increased By ▲ 0.01 (0.75%)
BR100 7,810 Decreased By -40.3 (-0.51%)
BR30 25,150 Decreased By -186.4 (-0.74%)
KSE100 74,957 Decreased By -250.1 (-0.33%)
KSE30 24,083 Decreased By -59.5 (-0.25%)
Pakistan

PSL matches not to cost billions of rupees loss to businesses

LCCI says that the government decision is not only a bigger favour to the business community but also to the local
Published February 21, 2020
  • LCCI says that the government decision is not only a bigger favour to the business community but also to the local and foreigner cricket fans.
  • One day closure of Liberty and other surrounded markets causes a loss of Rs 21 billion to the trade and economic activities.

The matches of Pakistan Super League (PSL) would not cost billions of rupees loss to businesses, after Punjab government and law enforcement agencies accepted Lahore Chamber of Commerce & Industry (LCCI) demand to keep markets open during the T20 tournament.

“It is a great moment for the business community as international cricket and trade & economic activities have now been associated with each other and would continue parallel”, the LCCI President Irfan Iqbal Sheikh and Vice President Mian Zahid Jawaid Ahmad said in a statement.

They said that this decision is not only a bigger favor to the business community but also to the local and foreigner cricket fans who love to do shopping at Liberty and other adjacent markets whenever they come to enjoy the match at Gaddafi Stadium.

They said that during the cricket matches in recent past, Liberty and other markets and restaurants adjacent to Gaddafi Stadium Lahore were ordered to remain closed, which resulted in significant loss of business activities, not only to the traders but to the daily wagers.

One day closure of Liberty and other surrounded markets causes a loss of Rs 21 billion to the trade and economic activities.

They said the business community is ready to cooperate with the government to ensure all necessary security measures during these matches, but they also want that the adjacent markets and restaurants should not be forced to remain close during matches.

Comments

Comments are closed.