PESHAWAR: Inflation and insecurity have robbed Peshawar of business customers, with 70 to 80 percent of businesses in the city affected. Shopkeepers have opened their shops, but customers are non-existent.
Traders say that the recent inflation has hurt business so much that they cannot even pay a day’s wages to salesmen. They blame inflation, wrong taxation policies, and other factors for the decline in business.
The Peshawar Traders Association has appealed to the government to provide relief to businesses, or they will be forced to close down.
The city of Peshawar is the provincial capital of Khyber Pakhtunkhwa, which has been plagued by insecurity in recent years. The province has been a target of terrorist attacks, and the Pakistani military has been conducting operations against militants in the region.
The combination of inflation and insecurity has created a difficult environment for businesses in Peshawar. Traders are struggling to stay afloat, and many are on the verge of bankruptcy.
The government needs to take steps to address the concerns of the business community in Peshawar. It needs to provide relief to businesses and create a more secure environment for them to operate in. Otherwise, the city will lose more businesses and jobs.
