Markets Closure For PSL Will Cost Billions to The Business Community, Here’s How Much

The President LCCI said that shutting down local markets for security reasons will cause the businesses Rs 23 billion in a single day.

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The Pakistan Super League will be bringing in a lot of money to the Pakistan Cricket Board’s kitty. But according to The Lahore Chamber of Commerce President Irfan Iqbal Sheikh, local businesses are going to suffer heavily due to the closure of markets.

Addressing a press conference on Tuesday, The President LCCI said that shutting down local markets for security reasons will cause the businesses Rs 23 billion in a single day. The LCCI President was accompanied by Vice President Mian Zahid Jawaid Ahmad, former presidents Bashir A Baksh and Sohail Lashari.

We are not against cricket matches as these activities are very encouraging and aid in improving the image of our country,” he said. 

“We are frequently in the contact with government and we are also putting the proposals to the government to make a long term strategy which can help the business community and locals,” he added.

The President LCCI stressed upon the government the need of keeping all stakeholders in the loop during such events, to reduce maximum losses of the businessman community. He recalled how closing down businesses during cricket matches in the past have resulted in big losses for the business community.

Furthermore, the President extended his full support to the government for holding such events to showcase the positive image of the country -but without any harm to businesses.

“A state-of-the-art luxurious hotel should be built as soon as possible within the premises of Gaddafi Stadium Lahore for the guest Cricket teams because it is the only solution to address all the concerns,” he advised.

President LCCI went on to add that “We proposed to the government to establish a separate hotel for the cricket teams in the nearest area to the stadium,  which would serve security purposes and provide relief to people.” He added, “if the government allows me, then I am ready to construct the hotel myself.”

 

Do You think local markets should be kept open during cricket matches? Share in the comments bar below.

  • Kabhi kehty hain business khattam ho gaya hai.
    kabhi kehty hain Match ki waja se itna nuqsan hoga.

    What is this? Pathetic.


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