Study Reveals 42% Decline in Retail Transactions Due to Early Closing Policy

ISLAMABAD: A recent study has revealed that the implementation of a 9 PM shop-closing rule in Pakistan, aimed at conserving electricity, has led to a staggering 42 percent drop in daily customer transactions across the retail sector. The research, titled ‘The Impact of Early Closing Time Regulations on Pakistan’s Retail Sector,’ highlights the unintended consequences of this policy on businesses and consumers alike.

The study indicates that while the government intended to reduce electricity consumption, many retailers have reported negligible savings on their electricity bills. This has raised concerns among business owners, who argue that the early closing time has not only curtailed their trading hours but also significantly impacted their revenue. One retailer stated, ‘We are losing customers who prefer shopping later in the evening, and the savings we expected have not materialized.’

This decline in retail transactions poses broader implications for the economy, as reduced consumer spending can lead to lower overall economic growth. The retail sector, a vital component of Pakistan’s economy, employs millions and contributes significantly to GDP. Experts warn that if the trend continues, it could result in job losses and further economic downturn.

In light of these findings, stakeholders are calling for a review of the policy. Upcoming discussions among government officials and retail associations are expected to address the challenges faced by the sector and explore potential adjustments to the closing time regulations.