PoGB's Linda Bazaar struggles to survive amid soaring inflation, declining sales
Linda Bazaar in Gilgit-Baltistan Faces Economic Crisis
Linda Bazaar, a once-busy market in Pakistan-occupied Gilgit-Baltistan (PoGB), is struggling due to a severe economic crisis. The market, known for affordable winter clothes, is now deserted as inflation rises, affecting essential goods like food and fuel. Local businesses, reliant on small-scale trade, are suffering as fewer customers visit, leaving shops empty. A vendor expressed frustration, noting a lack of customers for over a week, and urged local authorities for help. As winter approaches, traders fear worsening conditions without immediate relief.
Doubts Revealed
Linda Bazaar
Linda Bazaar is a market located in Gilgit-Baltistan, which is a region in the northern part of the Indian subcontinent. It is known for selling affordable winter clothing.
Gilgit-Baltistan
Gilgit-Baltistan is a region that is currently administered by Pakistan but is claimed by India as part of the larger Kashmir region. It is known for its beautiful mountains and valleys.
Economic Crisis
An economic crisis is a situation where the economy of a place is not doing well. This can mean that people are losing jobs, businesses are closing, and prices for things are going up.
Inflation
Inflation is when the prices of goods and services go up over time. This means that money doesn't buy as much as it used to, making it harder for people to afford things they need.
Tax Policies
Tax policies are rules set by the government about how much money people and businesses have to pay in taxes. These can affect how much things cost in the market.
Winter Clothing
Winter clothing includes warm clothes like jackets, sweaters, and gloves that people wear to stay warm during the cold season.
Vendors
Vendors are people who sell goods or services, often in markets or on the street. In this context, they are the traders in Linda Bazaar.
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