Skip to content
Search

Latest Stories

Businesses in Pakistan oppose strict lockdown

BUSINESS leaders in Karachi, Pakistan have opposed strict lockdown restrictions in the metropolis and urged the authorities to forcefully vaccinate the public to curb the fourth coronavirus wave, The News reported.

The reaction from businesses comes after the government announced a nine-day lockdown in the Sindh province with a special focus on Karachi in the wake of a sharp rise in the Covid-19 cases.


The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Karachi Chambers of Commerce and Industry (KCCI) said it was impossible for them to pay salaries to workers due to the closure of industries and businesses.

"Pakistan's economic hub Karachi should not be completely locked down in the larger national interest," president FPCCI Mian Nasser Hyatt Maggo was quoted as saying in the news report.

"The only solution out of the current situation, without causing any harm to businesses and employment opportunities, is to allow business and economic activities under strict compliance of SOPs (standard operating procedures) and mandatory vaccination of the workforce."

"If industries and businesses remain under restrictions, we will not be able to pay salaries," he added.

He urged the government to review the strict restrictions that are hurting the businesses.

Chairman Businessmen Group Zubair Motiwala said the only workable solution to minimise the number of Covid cases is to forcefully get people vaccinated and ensure strict implementation of SOPs.

Motiwala stressed that the government should carry out an aggressive vaccination campaign and compel masses to get vaccinated at the earliest.

More For You

George Lucas

Star Wars creator George Lucas spent £40 m on a St John's Wood mansion last year

Getty Images

US billionaires ‘disillusioned’ with Trump buy cut-price London mansions

Highlights

  • Americans behind 20 per cent of London luxury property sales in 2025, expected to continue in 2026.
  • Non-doms selling 65 per cent of £15m-plus homes, relocating to Dubai and Monaco for lower taxes.
  • Mansion prices forecast to drop 2-3 per cent in 2026 following Rachel Reeves' Budget changes.

American billionaires disillusioned with Donald Trump's presidency are purchasing luxury London properties at bargain prices from non-domiciled residents fleeing Britain's tax changes.

US buyers accounted for one in five luxury home sales in London last year and are predicted to remain significant purchasers in 2026, according to Beauchamp Estates' annual Billionaire Buyers report.

Keep ReadingShow less