Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Traders, transporters fearing financial crunch
03-02-2009, 08:51 AM
Post: #1
Traders, transporters fearing financial crunch
After having suffered financial losses due to continued protests after collapse of the PML-N government in Punjab, the traders and transporters in the twin cities feared more financial crunch in the coming weeks keeping in view the PML-N protest movement and ‘long march’ by the legal fraternity.

Tariq Muneer, a wholesale dealer in Saddar Market said, “I think the things would get worse from bad for the business community in the coming days due to continued PML-N protest movement and upcoming ‘long march’ for restoration of judiciary.”

The intensity of protests after disqualification of both Shahbaz Sharif and Main Nawaz Sharif was quite high in Rawalpindi, as compared to other cities even Lahore that is regarded as one of the strongholds of PML-N.

A slight improvement in the law and order situation prompted traders to open their businesses on Sunday, but number of visitors were too low against their expectations.

“We opened our shops after a gap of three days, but it seemed that shoppers are reluctant to come out of their houses due to uncertain situation on main arteries of the city,” said Abid Hussain, a shopkeeper at Commercial Market.

Many of the main business areas in Rawalpindi and Islamabad were open on the weekend, but shopkeepers were seen sitting idle, waiting for visitors, who showed no interest in any kind of shopping.

Meanwhile, the local transporters demanded of the political parties to show restraint and avoid agitation not only to enable them earn their livelihood, but also help facilitate thousands of commuters who have been facing extreme difficulties while travelling between the twin cities.

Wagons and Mini-buses Association President Malik Muhammad Sultan told ‘The News’ that they wanted peaceful environment because the transporters often hesitate to put their vehicles on roads if there are violent protests in the city.

He said there are some 1,800 public transport vehicles plying in the twin cities and thousands of people are affiliated with this profession who entirely depend upon it for their livelihood.

A group of wagon drivers while talking to ‘The News’ said all of them have their affiliation with various political parties, but when it comes to their livelihood they could not afford politics.

They urged the workers of the political parties to avoid burning vehicles or destroying public property as democratic norms and traditions did not allow such practices.

They said if the government has done some wrong with PML-N then passengers and wagon drivers are not responsible for it and they should not be punished for government’s decisions.

http://www.thenews.com.pk/daily_detail.asp?id=165202
Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  LDA's Remarkable Financial Achievement: Retrieval of PKR 700 Million in FY 2022-23 LRE-Azan 0 559 10-31-2023 05:59 PM
Last Post: LRE-Azan
  Pakistan receives US$2 billion in financial support from Saudi Arabia LRE-Azan 0 949 04-08-2023 02:21 PM
Last Post: LRE-Azan
  Ring Road project: Two bids shortlisted for financial evaluation Salman 0 6,639 10-28-2013 03:20 PM
Last Post: Salman
  Traffic System Destroyed In Bill Road Market, Traders Perplexed Salman 0 7,070 09-11-2013 07:35 PM
Last Post: Salman
  Traders give 3-day deadline to CDA Salman 0 3,815 02-18-2013 06:55 PM
Last Post: Salman
  Commercialisation fees: DCO seen as going soft on traders ahead of elections Salman 0 4,078 01-29-2013 04:04 PM
Last Post: Salman
  Financial plan 2012-13: RDA proposes over Rs1b budget for development Salman 0 5,714 07-07-2012 11:52 AM
Last Post: Salman
  Australian traders see Punjab as attractive investment region Salman 0 4,259 05-05-2012 12:22 PM
Last Post: Salman
  Financial crunch delays Zero Point loop construction Salman 0 4,490 04-25-2012 12:42 PM
Last Post: Salman
  Shaikh reviews NHA’s financial needs for 5 projects Salman 0 4,137 03-20-2012 12:26 PM
Last Post: Salman
  Abu Dhabi group enters in mobile financial services Salman 0 4,756 02-11-2012 12:36 PM
Last Post: Salman
  CDA to continue development projects despite financial crisis Salman 0 4,119 12-28-2011 12:03 PM
Last Post: Salman
  Financial strain in CDA: Housing up huge debts Salman 0 3,969 12-08-2011 12:22 PM
Last Post: Salman
  Pakistan is land of opportunity for UAE traders: Gilani Salman 0 4,096 12-01-2011 12:23 PM
Last Post: Salman
  Loadshedding & PEPCO Financial Crisis: Why? LRE 0 4,493 06-20-2011 08:45 PM
Last Post: LRE
  SBP, Banks, SCI-Pak to develop network to address financial needs of SMEs Lahore_Real_Estate 0 4,083 06-16-2011 12:08 PM
Last Post: Lahore_Real_Estate
  CDA in shambles due to financial crunch Lahore_Real_Estate 0 3,589 03-07-2011 06:22 PM
Last Post: Lahore_Real_Estate
  IMF issues stern financial warning to Pakistan Lahore_Real_Estate 0 3,726 01-01-2011 11:35 AM
Last Post: Lahore_Real_Estate
  Freight transporters spike rates by 26 percent Lahore_Real_Estate 0 3,618 11-06-2010 12:29 PM
Last Post: Lahore_Real_Estate
  Petrol crunch to ease today Lahore_Real_Estate 0 3,936 09-20-2010 02:09 PM
Last Post: Lahore_Real_Estate

Forum Jump:


User(s) browsing this thread: 3 Guest(s)