Tuesday, February 09, 2010, Safar 24, 1431 A.H   ISSN 1563-9479
 Group Chairman: Mir Javed Rahman Founded by: Mir Khalil-ur-Rahman Editor-in-Chief: Mir Shakil-ur-Rahman 
HOME | TOP STORIES | WORLD | NATIONAL | BUSINESS |  SPORTS |  KARACHI | LAHORE | ISLAMABADPESHAWAREDITORIAL | OPINION | STOCK INSTEP TODAY  NEWSPOST
  WEEKLY SECTIONS
    News on Sunday
    You
    Health Body & Mind
    Technobytes
    Iqra
    Galaxy
    Tapestry
    Education-Zine
    Us
    Cyber@print
    Investor's J.
    Viewers' Forum
    Today's Cartoon
    Style
    Business & Finance Review
    Instep
    MAG Fashion
    Blog
  FEATURES
   Opinion Archive
   Fashion Archive
   Magazine Archive
   Style Archive

  FINANCE
   Currency Rates
   KSE Index
   Bullion Rates
   Prize Bonds

Share this story!   
 Business activities drop by 80pc in
NWFP due to terrorist acts

Saturday, November 28, 2009
By Riaz Khan Daudzai

PESHAWAR: The traders of the NWFP in general and those of the provincial metropolis in particular have paid the highest price on Eid for the ongoing militancy, price-hike and scare in the wake of terror acts that rocked the city and scattered places elsewhere in the province in succession over the last two months.

During a survey just a day ahead of Eidul Azha, it was found that the overall business activities fell by 70 per cent while the fashion houses, both in the downtown city and cantonment and those at the posh University Road, Tehkal, Abdarra Road, lost their 80 per cent business to the militancy that scared off shoppers as security threats continued to grip every bazaar of the provincial capital for last three months.

Four powerful blasts shattered the major business centres of the provincial metropolis, including Khyber Bazaar, Chiri Koban Meena Bazaar, Khyber Bazaar and cantonment, during the last two months that inflicted around Rs1 billion losses on the traders and common people.

Major fashion houses continued to pass through the lean period of their business history as the major outlets like Imperial, Wadoosd’s Sons, Day to Day, Shah Posh, Joly, R-Sheen and Surkhab (just to mention a few) faced a 30 per cent slump, while the fashion houses like Novelty Store, which were once hot spots for fashion enthusiasts, remained closed on Friday, just a day before Eid.

Malik Mehar Ilahi, general secretary of the Action Committee of Tajiran, a conglomerate of six trade bodies formed after the militancy hit the business centres, also blamed the government partially for the poor business activities.

Share this story!   
Back     |    Send this story to Friend    |     Print Version
 
Google
 
The News Home  |  Jang Group Online  |  Jang Multimedia  |  Jang Searchable  |  Ad Tariff / Enquiry |  Editor Internet  |  Webmaster