- PTI marching toward Islamabad to stage protest.
- “Tax collections decrease due to lockdown, protests.”
- Industrial sector faces Rs20bn loss in provinces: FinMin.
Pakistan suffers a whopping loss of Rs190 billion daily due to the closure of roads and shutdowns triggered by opposition’s protest calls, said Finance Minister Muhammad Aurangzeb
The minister’s comments come as the opposition party is marching towards Islamabad to stage “do-or-die” protest at Islamabad’s D-Chowk on the call of PTI founder Imran Khan.
The opposition party announced staging a protest against the “illegal” incarceration of Khan, other party leaders and workers, “stolen mandate” in February 8 general elections and 26th Constitutional Amendment.
Speaking to Geo News, Aurangzeb said that tax collections decrease due to lockdown and protests while exports aby the disruptions in business.
“The protests cause additional expenses on security in a bid to maintain peace,” said the finance minister, adding that the IT and tech sector also suffered losses.
He said that the Ministry of Finance has also prepared a report on the losses incurred due to the protests, according to which, the GDP suffers an estimated loss of Rs144 billion daily.
“According to the report, the decrease in exports due to the strikes causes a daily loss of Rs26 billion,” said the finance minister. “Foreign direct investment is also affected causing a loss of Rs3 billion daily.”
Aurangzeb further revealed that the provinces suffer separately due to protests, adding that they are incurring losses of Rs26 billion on a daily basis in the agricultural sector.
The loss faced by the provinces in the industrial sector is more than Rs20 billion, he added.
