While the Pakistan Super League (PSL) promises substantial revenues to the Pakistan Cricket Board (PCB), the Lahore Chamber of Commerce and Industry (LCCI) claims that the local businesses will sustain a loss of Rs. 23 billion per day as a result of stringent security measures, Pakistan Today reported.
The government has directed law enforcement agencies to implement measures such as sealing off markets and roads for smooth movement of the teams between hotels and stadiums.
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Members of the LCCI said that they are not against PSL being held in Pakistan as these tournaments help to promote a soft image of the country. However, shutting down of Liberty market and other businesses adjoining Gaddafi Stadium will cause the city to lose Rs. 23 billion daily.
We are holding talks with the government to devise a long-term plan that not only would allow the PCB to conduct cricketing activities, but it will also provide an environment for the traders to carry out business activities in routine.
LCCI President, Irfan Iqbal Sheikh, said:
A state-of-the-art luxurious hotel should be built as soon as possible within the premises of Gaddafi Stadium Lahore for guest teams because it is the only solution to address concerns of all stakeholders.
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Sheikh argued that the revival of international cricket in Pakistan is equally important as its economic revival. Shutting down markets not only affects traders, but it causes distress to the daily wagers as well.
Therefore, the government should formulate a plan after collaborating with all the stakeholders to hold sporting events without disrupting the businesses.
Stay up to date with the latest news and updates with ProPakistani’s PSL 2020 coverage.
To Kiya Howa :
ARBO SHAREEF AND BHUTTO FAIMLY Kha Gayi
ARBO K Projet Bekaar Ho Gaye
Ek Khushi Mill Rahi hai Million K Chakkar Main Wo Bhi Hum AAWAM Se Cheen Lo
whatttaaaay logic :/
mootar shalay mn mun dal apna jak bewkoof gadhe…. Ajeeb logic de rahay ho bhai jan ap.
Sai bat hay “Abdul Wahab Donkey Man”. Well said. Yeh koi pagal hay.
Are you Mad, Wahab bhai?
Wow 23 Billions per days, then how much tax.
Please share tax paid by Lahore this year, that should match this number atleast.
Govt. Need to audit these peoples, who earn up to 23 billion and how much they pay taxes, if it’s a fact then where is the tax going and y it’s not spend on the people.
this idiotic game should be banned
23 billions and look how much tax they pay i don’t think so that 23 billion figure is right
23 Billions ?.. 23 billions to pura Lahore yearly tax b nhe pay krta to per day loss itna kaha se hojayega.. ya to report wrong hai ya Lahori chor hain ?
Haha Lahori to chor hain hi khotay khanay wale, Patwari ?
It’s the security force’s incompetence which will be causing damages not the PSL, it is requested to please amend the initial statement it’s misleading.
What a crap analysis is this. Businesses are always flexible to adapt to such scenerios. You could say businesses suffer billions of losses on off days in week. Of course not. Sellers and buyers adapt to such changes. In KSA, all businesses are closed during prayer timings. Do you think it is loss for business. No, it is not.
So lahore is generating apx Rs. 7000 billion revenue every year…… could anyonen please share the tax contribution of Lahore last year ? tax chor qoum….