Economic and commercial activities suffered due to week-long holidays: Zakaria Usman

Karachi, August 04, 2014 (PPI-OT): The President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zakaria Usman expressed his serious concerns over a week long holiday on the occasion of Eid ul Fitr, he said that at a time when the country was in dire need of continuous work to put the economy back on rails, some elements in the government were making all out efforts to put it a reverse gear for their own interest.

Zakaria Usman said further said that our country could no more afford long holidays if the government wants to overcome ongoing economic challenges. Our nationalism demands longer working hours instead of going on leaves for many days at any occasion.

He said that government understands well that the energy crises have already broken the back of the industrial sector in the country and they are hardly fulfilling their export orders to keep the wheel of the economy on the run.

The President FPCCI stated that long holidays on Eid ul Fitr badly affected the trade and economic activities in the country. The banks remain closed for six days which is against the norm of business activities.

Zakaria Usman said that the business community is supporting the government policies but regretted that the government does not even bother to consult them before taking such decisions which directly pertain to their business. He informed that due to holiday culture in the country on any occasion or political strikes and law and order situations the ultimate loss is being suffered by the country.

Due to recent Eid holiday the government lost Rs. 42 billion tax collection. Moreover, the business community has to pay double pay to labour due to their shortage which ultimately increases the cost of doing business and lastly the whole nation suffers this extra burden of cost.

“It seemed that some elements in the government do not want the economic revival of the country, therefore, they always come up with novel idea to decelerate economic activities.” The Prime Minister and the Finance and Commerce Ministers should look into the matter and issue necessary directions to the concerned officials to avoid unnecessary holidays in future, Zakaria Usman added.

For more information, contact:
M. A. Lodhi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Shahra-e-Firdousi,
Karachi-75600, Pakistan
Tel: +92-21-35873691, 93-94
Fax: +92-21-35874332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk

The post Economic and commercial activities suffered due to week-long holidays: Zakaria Usman appeared first on Business News Pakistan.

The post Economic and commercial activities suffered due to week-long holidays: Zakaria Usman appeared first on AsiaNet-Pakistan.

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