Traders criticize 10-day business suspension
Traders and industry have criticized the long Eid vacation and lockdown guidelines during this time, citing that closing factories and businesses will have serious economic and social consequences.
The Pakistan Pharmaceutical Manufacturers Association (PPMA) has rejected a six-day vacation for Eidul Fitr announced by the government.
In a Saturday statement, former Pakistan Pharmaceutical Manufacturers Association (PPMA) chairman Dr Kaiser Waheed stressed that the pharmaceutical industry should not be subject to prolonged shutdown during Eid. .
He believed that the prolonged shutdown of drug manufacturing units could trigger a drug crisis in the country as he battles the third wave of Covid-19.
Gohar Ejaz, chief boss of the Pakistan Textile Mills Association, said the suspension of operations from May 8 to 17, 2021 would put the whole country at a standstill.
“Stopping economic activity for 10 consecutive days is unacceptable as it would create immense obstacles for the economy and industries,” he said. “Exporters in particular will not be able to ship their shipments on time due to the closure of banks, ports, customs and all other departments during the long holidays.”
On the other hand, the Chairman of the Businessmen Panel, Mian Anjum Nisar, ordered traders to strictly apply standard operating procedures at their workplaces to curb the spread of the deadly virus and prevent the industrial base from shutting down. .
He also said that due to previous lockdowns the Pakistani economy suffered multibillion dollar losses as many people lost jobs.
“The local economy experienced negative growth in fiscal year 2019-20 for the first time in history due to Covid-19,” he said. “The best way to save the economy and businesses from more losses is to follow standard operating procedures.”
Pakistan Employers’ Federation (EFP) President Ismail Suttar said businesses are already operating for limited hours in accordance with government orders for Ramazan and companies face barriers in fulfilling orders and timely management of supply chains.
Former Karachi Chamber of Commerce and Industry (KCCI) President Zubair Motiwala called the 10-day suspension of business activities unacceptable as it would create a lot of problems for the economy and business world.
He called for a review of the decision to save the economy and businesses from suffering huge losses.
“Bearing in mind the depressed performance of almost all sectors of the economy, especially the decrease in exports, the government must ensure that the cogs of the industry continue to turn uninterrupted”, a- he declared.
Posted in The Express Tribune, May 2nd, 2021.
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