Markets Close at 8 PM to Tackle Energy Crisis
The decision was made during a high-level meeting chaired by Prime Minister Shehbaz Sharif, focusing on emergency measures amid the evolving situation in the Middle East and its economic impact.
Officials stated that the move is part of broader austerity and energy-saving measures aimed at reducing power consumption. The decision was finalized after consulting all four provincial chief ministers, who will formally announce and implement it in their respective provinces.
The meeting was attended by key national leadership, including Deputy Prime Minister and Foreign Minister Ishaq Dar, Chief of Army Staff Syed Asim Munir, and Chairman of Pakistan Peoples Party Bilawal Bhutto Zardari, along with federal ministers and regional leaders from all provinces, Gilgit-Baltistan, and Azad Kashmir.
During the session, briefings were given on energy conservation strategies and the regional geopolitical situation. Ishaq Dar also shared updates on his recent visit to China and diplomatic efforts regarding Iran-US negotiations.