ISLAMABAD, May 16: The Islamabad Chamber of Commerce and Industry (ICCI) on Wednesday opposed early closure of markets saying that it was creating great difficulties for both consumers and traders as most of the business activities in summer was an evening affair.

Islamabad Chamber of Commerce and Industry Acting President Jamal Abdul Nasir said in a statement that loadshedding in industrial areas was affecting the smooth operation of industries in Pakistan.

He said closing markets by 8.00pm or 9.00pm creates difficulties for shopkeepers as well as consumers.

He said in the era of the World Trade Organisation (WTO), there was tough market competition to ensure timely delivering of products at comparative prices.

Short term measures would not help to over come the energy crisis, he said and urged the government to make a strategy for alternative energy resources in order to meet the energy requirements.

Mr Jamal said that construction of dams was very essential for the growth of industrial and agriculture sectors which should be constructed without indulging in political issues.

If correct measures were not taken by the government to enhance the electricity and gas resources, the nation would be in serious troubles, and the process of industrialisation and economic growth would be affected.

Opinion

Editorial

IMF’s projections
Updated 18 Apr, 2024

IMF’s projections

The problems are well-known and the country is aware of what is needed to stabilise the economy; the challenge is follow-through and implementation.
Hepatitis crisis
18 Apr, 2024

Hepatitis crisis

THE sheer scale of the crisis is staggering. A new WHO report flags Pakistan as the country with the highest number...
Never-ending suffering
18 Apr, 2024

Never-ending suffering

OVER the weekend, the world witnessed an intense spectacle when Iran launched its drone-and-missile barrage against...
Saudi FM’s visit
Updated 17 Apr, 2024

Saudi FM’s visit

The government of Shehbaz Sharif will have to manage a delicate balancing act with Pakistan’s traditional Saudi allies and its Iranian neighbours.
Dharna inquiry
17 Apr, 2024

Dharna inquiry

THE Supreme Court-sanctioned inquiry into the infamous Faizabad dharna of 2017 has turned out to be a damp squib. A...
Future energy
17 Apr, 2024

Future energy

PRIME MINISTER Shehbaz Sharif’s recent directive to the energy sector to curtail Pakistan’s staggering $27bn oil...