Punjab Mulls Early Market Closures

Sources revealed that Punjab is considering a proposal to close markets earlier to address the economic strain caused by soaring electricity bills. The Planning Commission is seeking input from all provinces on the idea of shutting shops by 7 pm.

The proposed measure aims to reduce electricity costs by up to 25%, as power rates surge between 6 pm and 11 pm. Despite potential savings, traders have consistently opposed early closures, citing reluctance to join the tax system and alter their operating hours.

The proposal also envisions promoting part-time business activities in the evenings, aligning with practices in various countries, including the United States, Britain, China, Europe, Thailand, and Malaysia, where shops typically close at 7 pm.

Previously, the government estimated that early market closures could save Pakistan Rs62 billion.