Loss of billions of rupees to Pakistan due to lockdown 190 billion per day
ISLAMABAD: Pakistan has suffered a staggering economic loss of billions of rupees, according to the Ministry of Finance, there is a loss of 190 billion rupees on a daily basis due to the unnecessary lockdown by the current federal government.
On Saturday, the country faced one of the worst lockdowns in recent history when the government shut down all major transport routes 48 hours ahead of a planned protest by its opponents in Islamabad.
The government calls it ‘repair work’ when it sounds far more complicated.
An internal report by the finance ministry estimated that the disruptions were costing daily GDP at Rs. 144 billion. With Rs. 16 billion rupees in export revenue and 26 billion rupees in FBR income. FDI inflows are also losing Rs. 3 billion per day.
Such outages disrupt supply chains, affect industrial and agricultural production, and increase food prices due to transportation challenges, the report said. The Ministry calculated the daily GDP in Rs. 198 billion rupees instead of the plan. 342 billion.
The ministry warned that ongoing political risks are worsening the fiscal deficit, slowing GDP growth and deterring foreign investment.
