President of Korangi Association of Trade and Industry, Saleem uz-Zaman, has expressed grave concern over the long Eid-ul-Fitr holidays and said that the trade activities are already severely hampered due to the challenges being faced by Pakistan in the current situation. Due to the global pandemic Corona, all means of benefiting from the export orders received by Pakistan will be wiped out.

He said that eradication of holiday culture in the country was essential for economic development as it was essential to continue working day and night with a continuation of trade and business activities to make Pakistan an Asian Tiger.

President KATI Saleem-uz-Zaman said that while the government institutions themselves feel that the country’s revenue is facing huge deficit due to holidays, the increase in holidays is beyond comprehension.

He said that due to the holy month of Ramadan during this month, lack of time in banks, factories, industries and offices as well as government institutions have severely damaged commercial and business activities even before the Eid-ul-Fitr holidays. Factory and industrial owners are facing difficulties due to unavailability of labor.

President KATI Saleem-uz-Zaman said that in line with the vision of Prime Minister Imran Khan, Pakistan would have to reduce its holiday culture from the country for economic stability and industrial development. He said that the holiday announced by the government on the occasion of Eid has extended to a whole week.

Saleem-uz-Zaman added that to end the problems like energy crisis, rising unemployment, poverty and inflation example of China, Malaysia and Turkey should be considered as role model and more export activities need to be increased.