KCCI for annulling 5-day a week working directive

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KCCI for annulling 5-day a week working directive

karachi - KCCI’s President Muhammad Haroon Agar has demanded to denotify banks, Customs and ports from observing five-day week and they should be operative 6-day in a week for the larger interest of commerce and industry as well as the country.

He expressed deep concern and discontentment over 5-day working week for all government departments and its affiliated institutions in the name of energy conservation. He stated that this practice for closure of public sector, Customs and ports has severely hampered commercial and industrial activities.

Pakistan remains cut off for three and half days with rest of the world. Observance of 5-working days for banks, the trading and industrial circles have been facing tremendous problems due to unavailability of banking services on Saturdays. The corporate sector is facing hardships in timely clearance of cheques therefore, NIFT (National Institutional Facilitation Technologies) service formerly known as Clearing House of State Bank should remain operative on Saturdays.

Haroon Agar stated that nowhere in the world, banks close when the commerce and industrial sector is operative even in the countries where 5-days week is observed and commercial banks are open on Saturdays. Exporters maintaining trade ties with Gulf countries faced additional elimination of Friday being observed as holiday in Gulf. Same is for the Customs and ports and they cannot be closed down for two days as their closure will stop valuable exports of this country and delays in clearance of imported goods disturb supply of goods to upcountry.

Agar articulated that the business and industrial community of Karachi, having the largest network of over 500 retail/wholesale markets, also face hardships for safe handling of cash worth billions of rupees due to unavailability of banking facilities on Saturdays. President KCCI voiced that the country was passing through most difficult times of its history when the injured economy due to manifold internal and external problems demands to work 365 days in a year for its recovery.

Courtesy:  Nation


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