PTI protests cause Rs600 billion loss to Pakistan’s economy
ISLAMABAD: Pakistan’s economy has suffered a staggering loss of over Rs600 billion due to the recent protests led by Pakistan Tehreek-e-Insaf (PTI), according to government sources. The protests, which have disrupted daily life and caused widespread damage, have inflicted severe economic setbacks across multiple sectors.
The economic losses include daily disruptions amounting to over Rs190 billion, along with additional costs for maintaining law and order and repairing damaged public property. In just three days, the country’s GDP recorded a direct loss of Rs432 billion, while tax revenues saw a decline of Rs78 billion. The export sector alone faced losses of Rs50 billion, and foreign direct investment (FDI) dropped by Rs10 billion during the same period, further worsening the economic toll.
The protests also led to the closure of key infrastructure, including motorways, metro services, and the Blue Area, Islamabad’s main business hub. This has resulted in significant revenue losses for both the government and local traders.
Several sectors bore the brunt of the unrest. Agriculture, industrial, and service sectors faced massive disruptions, with many businesses forced to shut down due to power outages and security concerns. The IT and telecom industries were hit particularly hard by the shutdown of internet services, causing the cancellation of numerous international and domestic orders.
Read More: Supreme Court rejects suo motu notice plea over deaths in PTI Protest
Citizens have been left frustrated by food shortages and rising prices, while traders and business organizations have voiced their anger over forced closures, calling for compensation and an end to the ongoing economic instability.
The protests, which have intensified over the past few days, have left an indelible mark on Pakistan’s economy, exacerbating the financial challenges the country already faces. As the situation unfolds, the government is under growing pressure to restore stability and mitigate the economic damage caused by the political unrest.
Comments are closed, but trackbacks and pingbacks are open.