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 society who were deprived of their daily wages.
Chawla said that the concerned parties should work out a permanent solution to their problems and violence should stop immediately.
Advisor to the CM and Managing Director of Diamond Textiles, Zubair Motiwala stated that the industries had been badly affected as half of the workforce was absent.
He said that due to the missing staff force goods ready for shipments could not be sent causing delays in deadlines. He further said that the political parties calling for strikes should understand that the national exchequer gets deprived of Rs2 billion per day when such informal offs are declared.
Motiwala pointed out the current issues facing the economy such as: shrinking of the trade economy, lower tax collection, decline of GDP and decline of “the most authentic and documented part of the economy, the large scale manufacturing sectors which were down by 6 percent last year.”
He said that realising the severity of these problems, the political parties must understand that economic activities and politics should be segregated so that the labor forces are not affected.
SITE Association Chairman Engineer M A Jabbar was of the opinion that perpetual strikes and law and order situation has led the industries towards a very difficult situation and on the verge of collapse.
He pointed out that even a simple transport strike led to great difficulties for the industrialists as most of the labour use the public transport and these strikes affected entire production chain as employees fail to turn up at work.
Jabbar pointed out that the industry does not have the right motivation to move forward so how are they supposed to even meet their targets.
He said that laborers at SITE association had started leaving early on Friday evening and fewer turned up on Saturday. “Even those who had attended work were restless and performed badly as they were worried about their families back home,” he stated.
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 society who were deprived of their daily wages.
Chawla said that the concerned parties should work out a permanent solution to their problems and violence should stop immediately.
Advisor to the CM and Managing Director of Diamond Textiles, Zubair Motiwala stated that the industries had been badly affected as half of the workforce was absent.
He said that due to the missing staff force goods ready for shipments could not be sent causing delays in deadlines. He further said that the political parties calling for strikes should understand that the national exchequer gets deprived of Rs2 billion per day when such informal offs are declared.
Motiwala pointed out the current issues facing the economy such as: shrinking of the trade economy, lower tax collection, decline of GDP and decline of “the most authentic and documented part of the economy, the large scale manufacturing sectors which were down by 6 percent last year.”
He said that realising the severity of these problems, the political parties must understand that economic activities and politics should be segregated so that the labor forces are not affected.
SITE Association Chairman Engineer M A Jabbar was of the opinion that perpetual strikes and law and order situation has led the industries towards a very difficult situation and on the verge of collapse.
He pointed out that even a simple transport strike led to great difficulties for the industrialists as most of the labour use the public transport and these strikes affected entire production chain as employees fail to turn up at work.
Jabbar pointed out that the industry does not have the right motivation to move forward so how are they supposed to even meet their targets.
He said that laborers at SITE association had started leaving early on Friday evening and fewer turned up on Saturday. “Even those who had attended work were restless and performed badly as they were worried about their families back home,” he stated.
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