Lahore [Pakistan], April 24 (ANI): Pakistan’s retail sector has reportedly suffered about Rs200 billion in lost economic activity within two weeks after authorities ordered markets to close by 8 pm, industry leaders said, according to The Express Tribune.
The Chainstore Association of Pakistan (CAP) urged federal and provincial governments to rethink the nationwide early-closure directive, arguing it disproportionately harms organised, tax-paying retailers—such as malls and chain outlets—that face fixed costs like rent, salaries and utilities. CAP said daily sales have fallen 25–35% since the curbs took effect.
CAP Chairman Asfandyar Farrukh warned the measure strips away peak shopping hours between 8 pm and 10 pm, a prime time for urban consumer activity, and is not changing shopping habits but diverting customers away from documented retail channels. He also highlighted inconsistent enforcement, noting that restaurants and many informal businesses continue operating late, creating an uneven competitive landscape.
CAP estimates government tax receipts may have declined by nearly Rs50 billion in two weeks. The retail sector contributes about Rs3 trillion in taxes annually. CAP Patron-in-Chief Tariq Mehboob questioned the policy’s impact on energy savings, noting commercial activity accounts for roughly 8% of total electricity use and organised retail is generally more energy-efficient than households. Shifting consumption to homes, he argued, could worsen overall inefficiency.
The move comes amid global energy uncertainties, including tensions related to the US-Iran situation, and analysts warn early closures could carry significant economic costs, The Express Tribune reported. (ANI)
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