Pakistan

Markets to close at 8:30pm across the country

ISLAMABAD: In an attempt to save energy, the National Economic Council (NEC) has decided to order the closure of markets across the country at 8:30pm.

The NEC took the decision Wednesday during a meeting chaired by Prime Minister Shehbaz Sharif. The chief ministers of all the provinces attended the meeting, while Khyber-Pakhtunkhwa was represented by its chief secretary Dr Shehzad Khan.

The NEC met a day after President Arif Alvi approved the reconstitution of the body with Prime Minister Shehbaz Sharif as the chairman. The prime minister said owing to the past imprudent policy measures, the country was facing such a situation where the internal and external challenges had put the economic stability in danger. He said the present government inherited an economy faced with unstable fiscal situation as well as severe challenges of external sector, inflation, unemployment, poverty and instability.

The PM said his government was fully cognizant of the internal unusual economic instability and the external challenges. The government not only put the economy on the right track but, besides reformation of energy sector, took reform measures to correct the imbalance in the internal and external sectors.

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