May 10, reference消息网 reported according to a May 10 report on Bloomberg News website, amid the rapid escalation of military conflict between these two nuclear-armed countries India and Pakistan, many Indians, especially those living in areas close to the Pakistan border, have begun hoarding groceries, medicines, and gasoline, and canceling travel plans.
In some towns of India's Punjab state, such as Bathinda, Amritsar, and Chandigarh, local residents have exhibited this panic buying phenomenon. Gagandeep Madan, a 42-year-old who runs a grocery store about 9 miles from Atari-Wagah border near Amritsar in Punjab state, said that on Wednesday, basic food items in almost all stores in the area, including his own, were sold out.
Madan said: "Customers came to buy wheat, rice, sugar, and pulses enough for a month. Everyone here is panicking. Everyone wants to be prepared."
It was reported that due to both sides claiming to have shot down each other's drones and missiles in the past few days, local media reports indicate that the number of tourists in some tourist hotspots is decreasing. India has closed more than twenty airports in its northern and western regions.
Some residents of Amritsar experienced a power outage last night. They are worried about not being able to use electric pumps to draw groundwater after the blackout, so they are storing water in large containers.
In Bathinda, there was also a rush to buy food and snacks at some small grocery stores.
The state-owned oil refining company Indian Oil Corporation tried to ease concerns by stating that it had sufficient fuel reserves and discouraged people from hoarding fuel.
It was reported that the Indian Premier League, the world's most profitable cricket event originally scheduled to end on May 25, has been suspended for at least one week.
The conflict has also led to the postponement of various events across Pakistan. The EU-Pakistan Business Forum held in Islamabad, an investment summit held in Lahore, and the "Australia Day" event in Karachi have all been canceled or postponed.
The streets of Karachi are quiet with reduced traffic flow. On the evening of the 8th, a high-end restaurant had very few customers, and the only TV in the store was switched to a news channel.
It was reported that Jalal Shah, founder of 24SEVEN, a company helping some grocery stores achieve digitalization, said that although there is no panic buying in Pakistani stores, sales of flashlights and batteries have increased in the past few days. (Translated by Zhu Jie)
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