Africa Business News

Thousands of Pakistan traders have shuttered their shops, striking over soaring energy and fuel bills stirring widespread discontent ahead of national elections. There were widespread market closures in Lahore, Karachi and Peshawar, where abandoned bazaars were posted with placards decrying the unreasonable increase in electricity bills and taxes. Lahore’s Township Traders Union president Ajmal Hashmi says everyone is participating because the situation has become unbearable now. Decades of mismanagement and instability have hobbled Pakistan’s economy, and this summer Islamabad was forced into a deal with the International Monetary Fund to avert default.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4166630/advertisement