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Wed, December 11, 2024
Pakistan
Politics Now

Protests Cost Pakistan Rs190 Billion Daily, Says Finance Minister

Source: MM News

Finance Minister Muhammad Aurangzeb has disclosed the significant economic losses caused by ongoing opposition-led protests. Speaking at a press conference amid Pakistan Tehreek-e-Insaf’s (PTI) planned march toward Islamabad, he emphasized that the country is losing over Rs190 billion daily due to these disruptions.

Aurangzeb explained that protests disrupt tax collection, hinder business activities, and negatively affect exports. The government also faces additional expenses for maintaining law and order during these events.

According to a report from the Ministry of Finance, daily GDP losses amount to Rs144 billion, while reduced exports cost Rs26 billion. A further Rs3 billion is lost due to declining foreign investment. Provinces are also affected, with Rs26 billion lost in the agricultural sector and Rs20 billion in the industrial sector each day.

Also read: Lahore High Court (LHC) Rejects Interim Bail Plea For Imran Khan In Multiple Cases

Separately, Federal Minister for Petroleum Dr. Musadik Malik criticized PTI leadership, accusing them of prioritizing protests over resolving public issues. He highlighted government efforts to reduce inflation and support the stock market, which has reached record levels. Malik also called for unity against extremism, referencing recent tragedies in Parachinar.

The ministers urged an end to political instability, warning of its damaging effects on the economy and public well-being.

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