Pakistan shuts markets under conservation plan
Published: 05:01 PM,Jan 03,2023 | EDITED : 08:01 PM,Jan 03,2023
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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, 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.
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.