GDP suffers estimated loss of Rs144bn daily, says Finance Minister Muhammad Aurangzeb
\n islamabad
\nPakistan suffers a whopping loss of Rs190 billion daily due to the closure of roads and shutdowns triggered by opposition\u2019s protest calls, said Finance Minister Muhammad Aurangzeb
\nThe minister\u2019s comments come as the opposition party is marching towards Islamabad to stage \u201cdo-or-die\u201d protest at Islamabad\u2019s D-Chowk on the call of PTI founder Imran Khan.
\nThe opposition party announced staging a protest against the \u201cillegal\u201d incarceration of Khan, other party leaders and workers, \u201cstolen mandate\u201d in February 8 general elections and 26th Constitutional Amendment.
\nSpeaking to Geo News, Aurangzeb said that tax collections decrease due to lockdown and protests while exports aby the disruptions in business.
\n\u201cThe protests cause additional expenses on security in a bid to maintain peace,\u201d said the finance minister, adding that the IT and tech sector also suffered losses.
\nHe 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.
\n\u201cAccording to the report, the decrease in exports due to the strikes causes a daily loss of Rs26 billion,\u201d said the finance minister. \u201cForeign direct investment is also affected causing a loss of Rs3 billion daily.\u201d
\nAurangzeb 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.
\nThe loss faced by the provinces in the industrial sector is more than Rs20 billion, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"
GDP suffers estimated loss of Rs144bn daily, says Finance Minister Muhammad Aurangzeb islamabad Pakistan suffers a whopping loss of Rs190 billion daily due to the closure of roads and shutdowns triggered by opposition\u2019s protest calls, said Finance Minister Muhammad Aurangzeb The minister\u2019s comments come as the opposition party is marching towards Islamabad to stage \u201cdo-or-die\u201d […]<\/p>\n","protected":false},"author":2,"featured_media":445555,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-445534","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n