The federal government of Pakistan ordered markets and shopping malls to close by 8:00 p.m. amid a deepening fuel crisis and rising fuel prices, effectively instituting a 'smart lockdown' that shopkeepers warn will reduce trading hours and revenues. Reduced operating hours and higher fuel costs risk a meaningful hit to daily retail sales, consumer footfall and local economic activity in this emerging-market setting.
The federal government of Pakistan ordered markets and shopping malls to close by 8:00 p.m. amid a deepening fuel crisis and rising fuel prices, effectively instituting a 'smart lockdown' that shopkeepers warn will reduce trading hours and revenues. Reduced operating hours and higher fuel costs risk a meaningful hit to daily retail sales, consumer footfall and local economic activity in this emerging-market setting.
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moderately negative
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