Six days long curfew in parts of old city took a toll on the business community in there. It resulted in about Rs 250 crores business loss, says Muhammad Yasin Khan, chairman Kashmir Economic Alliance.
“Main markets like MR Gunj, Nowhatta and Zaina Kadal were closed down for almost a week because of the curfew imposed by the government and we have lost almost 40-50 crores each day”.
Kashmir Economic Alliance is of the view that government should compensate their huge losses by giving them [the business houses] relaxation in the interest rate of the loans that they have taken from the banks.
“Almost all of us have taken loans from the banks to establish our business; we request the government to please give us a relief in the loans that we have taken from them”.
Curfew was imposed in nine police stations after group clashes in some parts of the old city last week. While the restrictions were lifted from most of the areas on Saturday but the curfew was re-imposed in parts of the city after rumours and fresh clashes.