ICCI urges government to provide special relief package to small traders
- June 18, 2020
Tahir Abbasi, Senior Vice President, Islamabad Chamber of Commerce and
Industry has said that the lockdowns due to Covid-19 have badly affected small traders
due to which they are facing great difficulties and urged that the government should
announce a special relief package to alleviate the plight of small traders. He said that the
majority of business people in Pakistan belong to small traders but due to lockdown
many small traders have suffered huge losses. He emphasized that the government
should provide them immediate support, otherwise, many of them would lose their
business forever, leading to increased unemployment and poverty.
Tahir Abbasi said that due to the closure of businesses, small traders in Islamabad are no
longer in a position to pay rent of shops and stressed that the government should
negotiate with shop owners to provide 6-month relief in rent payment to small traders.
He said the government should also consider providing subsidies to small traders in
payment of rents. He said that SBP has launched a Rozgar scheme for businesses so that
they can take loans from banks to save their employees from becoming unemployed.
However, he said that banks were demanding collateral for loans while small traders are
not in a position to arrange collateral for loans. Therefore, he demanded that the
government should provide loans on stamp paper to small traders so that they could
protect their employees from unemployment.
Saif-ur-Rehman Khan, Vice President ICCI said that hotels and restaurants in Islamabad
have been closed for a long time but they have to pay utility bills besides incurring other
expenditures. He stressed that the government should defer collection of utility bills
from hotels and restaurants till the reopening of their businesses. He further said that
hotels and restaurants in Islamabad should be reopened with SOPs as it is becoming
more and more difficult for business class of this sector to pay their employees and
meet other day to day expenses without restoration of businesses.