Tag Archives: Traders

Traders protest against power outages

Hundreds of local industrialists, traders and workers staged a peaceful demonstration and took out a rally against power outages in Sialkot. The rally started from the Sialkot Chamber of Commerce and Industry

Traders refuse to observe 8pm closure rule

LAHORE – The traders of the city declared that they would not follow any decision of closing shops at 8pm and would launch protests if the government tried to threaten or force them on Tuesday. The traders said though no decision had been taken as yet but there were rumours that the government would try to order closing down of the markets at 8pm in order to save power. “Our businesses have already collapsed due to continuous load shedding and this decision would prove as the final

M.A. Jinnah Road traders awaiting a new home minister and sitting duck

KARACHI – Till four days ago, traders on M.A. Jinnah Road were livid with the government over its failure to curb extortions and looting. The resignation of Dr Zulfiqar Mirza from the post of home minister, however, has changed the mood of the markets: despite very few arrangements to provide extra security or create police pickets in and around markets, many are now willing to allow time to the government to emerge from the political crises it finds itself in.
In a survey

Day after traders strike, Shershah scrap market struck by robbers

KARACHI – Unidentified robbers struck at the Shershah scrap market on Wednesday, a day after traders observed a shutter-down strike to protest being harassed by extortionists.
Four men on motorcycles arrived at the market and within minutes looted four shops and more than a dozen customers.
Most of the shops at the market were closed at the time as traders were still uncertain about reopening their businesses following Tuesday’s strike.
However, almost all traders of

Karachi traders shut businesses over extortion woes

ISLAMABAD – Traders in Karachi suffered around Rs 3 billion loss as all the markets remained closed on Tuesday as a result of the strike call given against extortion while the members of the two of their representative bodies clashed at the Polo Ground.
In response to the All Karachi Tajir Ittihad (AKTI)’s strike call, all businesses were shut in Clifton, Defence, Tariq Road, Bahadurabad, Saddar and MA Jinnah. “The closure of business was aimed to warn the government that the

Traders to shut shops in Karachi today

KARACHI – The city markets would remain closed today as All Karachi Tajir Itehad (AKTI) has announced a strike against extortionists in the city. Surprisingly, Karachi Chamber of Commerce and Industry (KCCI) which earlier had announced a strike call has withdrawn its decision and announced that the market would remain open today.
A rift between the Karachi two leading trade-bodies has surfaced as AKTI which earlier had not supported KCCI’s call for strike, has now decided to keep

Traders’ delegation meets Dr Farooq Sattar

KARACHI – A delegation of the All Karachi Tajir Ittehad called on the Muttahida Qaumi Movement (MQM) Rabita Committee Deputy Convener Dr Farooq Sattar on Saturday and informed him that extortionists are harassing the trader community. MQM Rabita Committee member Wasim Aftab and Karachi Tanzimi Committee In-charge Hammad Siddiqui were also present on the occasion. The delegation told Dr Sattar extortionists are sending them slips demanding large sums of money and threatening them of

Crippled by the bhatta mafia, M.A. Jinnah traders say no more

KARACHI – Business and commercial activities on M. A. Jinnah Road remained suspended during the first half of Thursday as traders took to the roads after one of their colleagues was shot at allegedly by extortionists over resistance to comply with their demands.
The protesting traders argued that incidents of street crime and extortion continued unabated and law enforcers had failed to provide them with any protection. “Traders of the Auto Market and Tyres Market took to the

Traders charter ‘contaminated’ ship for wheat export

KARACHI – The local wheat exporters are playing with fire and endangering Pakistan’s reputation as an exporter by chartering vessels which are also used for the transportation of potentially hazardous cargoes like fertiliser and cement.
One such vessel had to wait at least for four to five days at the outer anchorage of Karachi Port after the consignee surveyors declared, what a stevedoring official called, ‘dirty’ hatches unfit for loading the edible commodity. Sources privy to

Traders give in – Bhatta Chowk’s widening starts

LAHORE – The Bhatta Chowk expansion project has finally started after traders reconciled with the Punjab government, though with a heavy heart, over the dispute on compensation amounting to Rs 1.15 billion. With project’s start, around 300 shops have been demolished and construction work is in full swing. A fact of the matter is that project will cost Rs 38 million but the compensation amount stands at Rs 1.15 billion. Traders claimed that patch-up had to be done under severe pressure

Faisalabad traders up in arms against taxation

FAISALABAD – As the textile industry of Faisalabad has given an ultimatum to a shutter-down strike to protest the imposition of 17 percent sales tax and flood surcharge, Finance Minister Abdul Hafeez Sheikh has called a meeting of traders in Islamabad on March 26 (Saturday). “The textile industry of Faisalabad which is already dying a slow death has rejected the flood surcharge and implementation of 17 percent sales tax announced by the government,” said former Faisalabad Chambers of

Brazilian envoy offers traders access to EU markets

SIALKOT – Ambassador of Brazil to Pakistan Alfredo Leoni has underlined the need to take some effective and positive steps for strengthening mutual trade ties between the two countries.
Talking to leading industrialists during his visit to several industrial units in Sialkot, he invited Pakistan’s business community to divert their business activities to Brazil. He vowed to make all-out efforts to boost mutual trade ties. He pledged full support and technical assistance to ensure

Boulton Market traders become millionaires

KARACHI – Several traders of the Boulton Market, whose shops were set ablaze soon after the Ashura blast in 2009, have become millionaires as they have received dual compensation, sources have informed Pakistan Today.
On the one hand, the government has provided them with Rs 1.50 billion as compensation to the affectees of the Boulton Market; on the other hand, the United States Consulate has also distributed cash among the victims.
The US Consulate received a list of the

IHK traders suspend cross LoC trade for two weeks

SRINAGAR – Traders in Indian-held Kashmir (IHK) have suspended cross Line of Control (LoC) trade for the next two weeks due to unnecessary harassment by Indian Commercial Tax Department. Per details, over 30 traders involved in cross LoC trade said in a statement issued after a meeting in Poonch that they had decided to suspend their activities for two weeks to protest against the Commercial Tax Department.
The traders also took out a protest rally later.
They said according