{"id":6749,"date":"2023-09-22T18:31:04","date_gmt":"2023-09-22T18:31:04","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/commerce-minister-opposes-early-market-closure\/"},"modified":"2023-09-22T18:31:04","modified_gmt":"2023-09-22T18:31:04","slug":"commerce-minister-opposes-early-market-closure","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/commerce-minister-opposes-early-market-closure\/","title":{"rendered":"Commerce minister opposes early market closure"},"content":{"rendered":"
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ISLAMABAD: Caretaker Minister for Commerce, Industries and Production Dr Gohar Ejaz on Friday opposed the early market closure under the energy conservation plan and said that the government would face a huge financial loss following the decision, ARY News reported.<\/strong><\/p>\n

While talking to the media, Gohar Ejaz said that the country has surplus electricity and early market closure decision would cause a huge financial loss to the government.<\/p>\n

<\/p>\n

\u201cWe sought recommendations from all chambers of commerce in the country in 30 days.\u201d<\/p>\n

Ejaz announced that a major anti-gas theft drive would be launched in Pakistan after completing the anti-power theft operation. He asked traders to shed their stubbornness as the country did not have sufficient gas resources.<\/p>\n

Related: Hike in gas price inevitable, says caretaker energy minister<\/a><\/strong><\/p>\n

\u201cWe will invite 100 international brands to attend a conference in Pakistan. All brands will be given the status of state guests.\u201d<\/p>\n

The commerce minister said that the actual exchange rate of the US dollar is Rs260 today.<\/p>\n

\u201cSindh and Punjab have been directed to directly purchase electricity from Thar. I will make them exempted from all taxes if they agree to purchase electricity from Thar. The purchases of electricity from Thar will make the tariff equivalent to the region.\u201d<\/p>\n

The caretaker minister stressed on need to enhance exports. Ejaz said that Pakistan has only $5 billion excluding the textile exports. He added that the foreign direct investment will come after the increase in exports.<\/p>\n

Related: Traders reject govt\u2019s decision of early market closure<\/a><\/strong><\/p>\n

Gohar Ejaz said that issues would not resolved until the business leadership agree to come out of all troubles.<\/p>\n

The caretaker minister said that he would make maximum efforts to serve the country.<\/p>\n

Earlier in August, Ejaz said that the Ministry of Commerce and Industries is devising a plan to boost the country\u2019s exports by extending all-out support<\/a> to the industry stakeholders.<\/p>\n

He urged the textile exporters to shift their focus on value-added products, including garments, to achieve eighty billion dollars export target.<\/p>\n

Commerce and Industries Minister Gohar Ejaz assured textile mill owners of providing comprehensive assistance through the ministry\u2019s trade and investment officers stationed in various international missions.<\/p>\n

He said the government has decided to establish Business Parks in major cities to boost the economy of the country.<\/p>\n<\/div>\n