Finance Minister Muhammad Aurangzeb has revealed the significant economic losses caused by opposition-led protests.
Muhammad Aurangzeb held a press conference amid Pakistan Tehreek-e-Insaf’s (PTI) planned march towards Islamabad. He highlighted the severe economic impact of such protests, emphasizing the need for political stability to safeguard the country’s economy.
Addressing the media, he stated that the daily financial damage from opposition-led lockdowns and protests exceeds Rs190 billion.
He explained that disruptions caused by protests hinder tax collection, obstruct businesses, and negatively impact exports. Additional expenses are also incurred for maintaining law and order during such protests.
The minister highlighted that the IT and telecommunications sectors face separate economic losses, with their closure affecting social dynamics and the digital economy.
According to a detailed report by the Ministry of Finance, protests result in a daily GDP loss of Rs 144 billion. Export reductions cost Rs 26 billion daily, while direct foreign investment declines lead to an additional Rs 3 billion loss.
