Economy bleeds Rs 190 billion daily amid protest chaos: Finance Minister
Finance Minister Muhammad Aurangzeb said that Pakistan is suffering a staggering loss of 2000 billion rupees. 190 billion per day due to road closures and shutdowns due to opposition protests.
Speaking to a TV channel, Aurangzeb explained that during the lockdown and protests, tax collections drop, while business disruptions adversely affect exports, Pak Observer reported on Monday. “These protests also lead to additional security costs to maintain peace,” he said, noting significant losses in the IT and tech sectors.
His remarks came at a time when the opposition party led by PTI founder Imran Khan is marching towards Islamabad for a “do or die” protest at D Chowk.
Aurangzeb revealed that the Finance Ministry has prepared a report which estimates a loss of Rs 100 per day to the GDP. 144 billion due to protests. The report states that as a result of the decline in exports, a daily loss of Rs. 26 billion, while foreign direct investment declined by Rs 3 billion per day,” he added.
He added that the provinces face distinct losses, especially in the agricultural sector, which incurs a loss of Rs 1,000 per day. 26 billion. The industrial sector is also severely affected, with a loss of more than Rs. 20 billion per day.
