Saturday 20th of April 2024
Home    |   SCCI Role & Purpose    |   Feedback   |   Contact Us
 
NEWLY OFFICE BEARERS 2022-2024 MUHAMMAD TARIQ IQBAL MUGHAL PRESIDENT, Mr. KHALID ZAMAN TOOR SENIOR VICE PRESIDENT, SHEIKH MUHAMMAD AZEEM VICE PRESIDENT      
Enter Membership ID, Company Name, Person Name, NTN or Phone
Home | Blog
The economic cost
 Muzaffar Hameed August 24, 2011, 02:12:31 AM 

 There is much to mourn in Karachi at the moment, but not quite what the political parties would have the public believe. The loss of life is certainly the gravest loss: more than 100 people have been killed in a week of violence. More ominously, the deaths have spilled from the relatively narrow confines of political workers and armed gangs to ordinary citizens marked out for death seemingly just on the basis of their ethnic identity. The toll the deaths and injuries and violence have taken on the denizens of Karachi is more difficult to flesh out — though it isn’t any less real. As the month of fasting winds down and Eid preparations begin in earnest, the city of Karachi is usually crackling and bursting with activity. But not this year. The economic cost alone will be enormous. Eid shopping is one of the most lucrative periods for retailers, but not if the shops are shuttered and customers are too scared to leave their homes. And even before the latest round of violence paralysed the city, traders and retailers were being squeezed by demands for ever-increasing protection money made by a host of groups. However, it clearly isn’t just the retail sector that is being impacted. With large parts of the city frequently shut, and occasionally the whole of Karachi closed as it was yesterday, everything from big business to day labourers has been affected. Full story

Register |  Sign in
  In the Spotlight
 
  Sheikhupura Weather
Advertisements
SCCI Advertise your business with us, today! SCCI Advertise your business with us, today! SCCI Advertise your business with us, today! SCCI Advertise your business with us, today!
Sheikhupura Chamber on Facebook Sheikhupura Chamber on Twitter SCCI Advertise your business with us, today! SCCI Advertise your business with us, today!
Phone: +92 42 371 68999   fax: +92 42 371 68999   E-mail: info@scci.net.pk   Address: 23 KM, Lahore-Sheikhupura Road, Qila Sattar Shah, Sheikhupura, Punjab, Pakistan
Copyright © 2010 IT Department of Sheikhupura Chamber of Commerce. All rights reserved.
Designed & Developed By: Progressive
Total Hits: 3862326