Financial crisis: Malls in Pakistan to close early – NEWS 360 – WORLD

by time news

Karachi: Pakistan is afraid that the economic crisis and riots that rocked Sri Lanka may also take place in the country. The government of Pakistan is struggling to recover from the economic crisis caused by the covid epidemic and floods. In addition to the financial crisis, the energy crisis is gripping the country and the government of Pakistan has ordered measures to conserve energy. The measures have been approved by the Cabinet. According to the order, all malls and markets in the country should close at 8.30 pm from now. According to Defense Minister Khawaja Asif, the country is expected to save around 62 billion Pakistani rupees by following the measures. The country’s foreign exchange reserves are now only sufficient for one month’s worth of imports. Most of this is spent on the purchase of energy resources. The delay in the expected financial assistance from the IMF was also a setback. Also, restaurants and wedding halls must close at 10 pm sharp. The proposal is to reduce energy consumption in government offices by 30 percent. For this, it has been decided to promote work from home. Half of the street lights will be turned off. Production of inefficient electric fans will be banned from July. A media campaign will be conducted to create awareness among people to reduce energy consumption. Water charges will be revised to prevent wastage of water. Directed concerned government departments to assess water usage in housing societies. Unnecessary use of electricity should be avoided in all offices. Meanwhile, rising prices and rising inflation are creating a headache for the government.

You may also like

Leave a Comment