In Karachi and Lahore, a nationwide shutterdown strike is currently underway as a protest against rising inflation and high electricity bills. The call for this strike has been issued jointly by the Jamaat-e-Islami party and various business organizations.
The Karachi Traders Action Committee has given the caretaker government a 72-hour ultimatum to reduce excessive electricity bills and revoke the recent hike in petroleum taxes.
This strike has resulted in the closure of wholesale markets and major bazaars in Karachi, with merchants protesting against additional electricity charges and the overall cost of living. However, local neighborhood shops have remained open. Additionally, the strike organizers have demanded the apprehension of those responsible for firing shots at the residence of local lawyer Nazia Nawaz.
The Karachi Traders Action Committee, during a press conference, has warned the government that if the electricity bill increases are not rolled back within 72 hours, they will initiate a prolonged strike lasting one to ten days. Such a strike would disrupt both small and large economic activities nationwide.
The strike on Friday was initiated by small business owners in Karachi under the banner of the Karachi Chamber of Commerce, and it received full support from the KCCI.
Speaking to The Express Tribune, KCCI President Muhammad Tariq Yusuf expressed hope that the government would find a viable solution to address the ongoing crisis. He also mentioned that they would convene a meeting in a few days to assess the situation and make appropriate decisions.
Furthermore, FPCCI President Irfan Iqbal Shaikh criticized the government’s decision to increase petrol prices, citing its potential to trigger a new wave of inflation. He emphasized that such a move would have a detrimental impact on the country’s exports, especially given the substantial increase in the petroleum levy to Rs 60 per litre. He called for innovative solutions to navigate the economic crisis.
