Ismail Suttar Raises Concerns Over Sudden Holiday Declaration

Recently, the government of Pakistan declared a public holiday on Youm-e-Takbeer, a day that marks the successful nuclear tests conducted in 1998. While this day holds great significance for Pakistanis, the abrupt announcement of the holiday has caused disruptions in various businesses that were in the middle of important transactions.

The President of Lasbela Chamber of Commerce and Industry, Ismail Suttar, has raised concerns about the economic impact of such unexpected holidays. He stressed the importance of the private sector continuing its operations to ensure the smooth functioning of the economy, especially during these challenging times. Given Pakistan's heavy reliance on exports to the United States, pausing financial activities for a day could lead to significant cash flow issues for the country.

Suttar has urged the government to carefully consider the economic consequences of its decisions, particularly as Pakistan seeks to attract foreign investments. He proposed that the holiday announcement be restricted to schools only to minimize disruptions to the private sector.

Amidst economic difficulties and a decrease in exports, it is vital for policymakers to prioritize stability and growth over populist actions. The seamless operation of the private sector is crucial for sustaining the economy and preventing further financial setbacks.