Stakeholders claim retail segment is on verge of collapse
A hawker on bicycle rides past a closed wholesale cloth market in Karachi. Most markets remained closed in the city on Mon-day amid a country-wide strike. PHOTO: REUTERS
LAHORE:
The retail sector of Pakistan has urged the government to extend business hours till 12 midnight, citing that it is on the verge of total collapse.
Stakeholders of the sector highlighted that reduced business hours during Ramazan were impacting their revenues.
Keeping in view the rapid increase in Covid-19 cases in the country, the National Command and Operation Centre (NCOC) issued guidelines, specifically for Ramazan, which restricted timings for retail markets from 6am to 6pm for five days a week.
Traders call for increase in business hours
Lahore
April 19, 2021
LAHORE:Business community has demanded the government reconsider the decision of closing businesses by 6pm and no business activities on Saturday and Sunday as it has been adversely affecting the domestic trade and commerce.
Historically, Ramazan is always a peak season for domestic trade but for the second consecutive year it is being affected due to COVID-19 related lockdown restrictions.
The National Command Operations Centre (NCOC) decided to close normal businesses by 6pm during Ramazan. However, the business community was unsatisfied with the decision and demanded the government reconsider this decision to save businesses from further losses.
Lahore traders call for increase in business hours
National
April 19, 2021
LAHORE: Business community has demanded the government reconsider the decision of closing businesses by 6pm and no business activities on Saturday and Sunday as it has been adversely affecting the domestic trade and commerce.
Historically, Ramazan is always a peak season for domestic trade but for the second consecutive year it is being affected due to COVID-19 related lockdown restrictions.
The National Command Operations Centre (NCOC) decided to close normal businesses by 6pm during Ramazan. However, the business community was unsatisfied with the decision and demanded the government reconsider this decision to save businesses from further losses.
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