Patron in Chief S M Muneer and President of ofKorangi Association of Trade and Industry (KATI) Sheikh Umer Rehan has welcomed the decision of Federal and Sindh government regarding resumption of industrial and business activities during extended lockdown due to preemptive measures for Covid-19 pandemic.
In a statement released by KATI, SM Muneer said that we fully support the measures and strategy guided by PM Imran Khan not only apprehend the medical challenges of the situation he also focused the potential economic disasters of this pandemic since the beginning.
He also lauded the incentive package announced by SBP to facilitate salaries and wages of industrial workers. “However to make these incentive more effective this repayment facility should be interest-free and minimum duration for the repayments should be extended to four years” he added. Sheikh said that federal and provincial government has taken the timely decision of resuming industrial and business community and the community welcomed it. He said that during these troubled time continuation of industry and paying the workers their salary and wages should be consider a national service and got should facilitate us to perform this duty.
He also noted that cash flow in markets is nearly zero and this circulation is the measure resource of a part of our population. He suggested that wholesale markets of food items and industrial raw materials should be open to maintain circulation of money which is essential to provide employment.
