Published On: Tue, May 4th, 2021
Published in Category: Karachi

FPCCI demands NCOC should restrict Eid-Ul-Fitr Holidays to 3 Days

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Karachi:The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Monday showed displeasure over Public Holidays on account of Eid-Ul-Fitr announced by NCOC without consulting business, industrial, and trade community of Pakistan.

Mian Nasser Hyatt Maggo, President FPCCI, demanded that industries and markets should only be closed for 3 days on account of Eid-Ul-Fitr at max; otherwise, there will be irreversible loss to already struggling businesses and huge shortfall in tax collection will further decelerate the economic activity.

Nasser said that ports, customs, and required banking services for them should not even be closed for 3 days during Eid-Ul-Fitr; as exports are as necessary for survival of Pakistan as airports and hospitals.

Nasser also expressed his shock over proposed Eid Holidays from 10-15 May, where ports, customs, and banks will remain closed and shipping lines will keep operating. This is utterly illogical as without ports, customs, and banks, there will be no use of shipping lines operating.