Pakistan shuts markets in evenings under energy conservation plan

AFP

Pakistan's government has ordered all malls and markets to close by 8:30 pm among other measures in a new energy conservation plan, the defence minister said on Tuesday, as the country grapples with an economic crisis.

The country's foreign exchange reserve levels barely cover a month's worth of imports, most of which are accounted for by energy purchases from abroad, with funds expected under an International Monetary Fund programme having been delayed.

Khawaja Asif told journalists that measures approved by the cabinet aims to save the cash-strapped country about 62 billion Pakistani rupees ($273.4 million).

He said additional immediate measures included shutting wedding halls by 10:00 pm daily. He added that some market representatives had pushed for longer hours, but the government decided that earlier closure was needed.

Asif also said that Prime Minister Shehbaz Sharif has ordered all government departments to reduce electricity consumption by 30 per cent.

More from International

Coming Up on Dubai Eye

  • The Debrief

    4:00pm - 7:00pm

    Join Dane on Dubai Eye 103.8 for The Debrief from 4pm to 7pm, the perfect way to unwind after a busy day at the office.

  • The Score

    7:00pm - 9:00pm

    Hosted by Chris McHardy, The Score is your comprehensive guide to the world of sport.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!