Published On: Fri, Apr 16th, 2021
Published in Category: Business

Business community of entire country demands reconsideration of NCOC decision for closing businesses by 6 pm

Share This

Islamabad: SardarYasirIlyas Khan, President, Islamabad Chamber of Commerce and Industry said that the National Command Operations Center (NCOC) has decided to close normal businesses by 6:00 pm during the month of Ramadan, but the business community of entire country was not satisfied with the decision and urged that the government should reconsider it to save businesses from further losses. He said that Ramadan was a peak season for shopping due to Eid, but shortening the timings for businesses would have an adverse effect on business activities. He said that reduced hours for businesses would cause more rush in markets which would lead to further spread of Covid-19. He emphasized that the government should give a second thought to this decision and allow businesses to remain open until 10 to 12 pm in Ramadan. He further said that before taking any decision that has a direct impact on businesses, the major chambers of commerce and trade bodies should be taken fully on board and the practice of taking unilateral decisions should be avoided at all cost as such decisions always lead to detrimental consequences for business and economy. Without a financial relief package in place or any form of reprieve from FBR several businesses were likely to declare bankruptcy rendering thousands of people jobless.