Geelani given an ultimatum by Kashmir’s Business community

Geelani given an ultimatum by Kashmir’s Business community

Srinagar, August 3: Local sources who have travelled from Kashmir on business trips have detailed out the resentment brewing in the local Kashmiri Business community against the Hurriyat Leader, Syed Ali Shah Geelani. Geelani had asked for support from the Kashmiri community in large to support the protest shutdowns which have continued for almost four weeks now.

In the initial 10 days the business community in Jammu and Kashmir had faced losses of the order of Rs 10,000 crore and with the shutdown continuing, there are fears of losses which could have tripled by now according to many.

A source, who had traveled to the valley last week elaborated on how most Kashmiri business counterparts have not been able to pay out dues worth crores. A slump has set in the market and there has been virtually no movement of capital in the state.

According to the source, a member of Kashmir Chamber of Commerce and Industry (KCCI) revealed that an ultimatum had been given to Geelani to show any success rate through his protest shutdowns or else the KCCI would pull back their support.

“We have mouths to feed. There has been no money inflow. So many payments are due. As it is people are vary in doing business in the valley. A month-long protest has only hurt us and satisfied Geelani’s ego,” said the KCCI member.

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