Stocks Observer. com

KARACHI: The strike call for May 23 left the business community of Karachi angry as they said that they suffered losses worth billions of rupees with political instability overshadowing economic interests of the country. The sudden law and order situation, witnessed late on Friday in many areas of Karachi, also caused a deeper impact on the residents due to which there was a considerably low turnout in offices and industries on Saturday. Industrialists and businessmen say they are frustrated as this is the third such incident in a month. President of Federation of Pakistan Chambers of Commerce and Industry, Sultan Chawla, said that the government should take notice of the rapidly deteriorating law and order in the city and talk to the people concerned for solving the problem as such a single day closure of business costs the city about Rs1.2 billion in losses at the least. He said that strikes and violence as not the solution as it basically affected the innocent poor class of the soci...