Political unrest in Pakistan is taking a heavy toll on the nation’s economy. Federal Finance Minister Muhammad Aurangzeb recently revealed that ongoing protests, attributed to Pakistan Tehreek-e-Insaf (PTI), cost the country approximately Rs 190 billion per day. This staggering figure highlights the severe consequences of prolonged instability on economic growth and public welfare.
According to a Ministry of Finance report, the daily economic losses include:
- Gross Domestic Product (GDP) loss: Rs 144 billion
- Export losses: Rs 24 billion
- Decline in foreign direct investment (FDI): Rs 3 billion
- Losses in agriculture and industrial sectors: Rs 26 billion each
While these figures reflect the broader economic impact, it remains unclear how much of the loss stems from protests and how much from pre-emptive government measures such as lockdowns. The government’s use of containers to block motorways and city streets has disrupted daily life, restricted access to essential services, and exacerbated public dissatisfaction.
Criticism has also come from within the ruling party. PML-N stalwart Rana Sanaullah described such measures as excessive, warning of potential political backlash. This internal dissent, coupled with the public’s frustration, challenges the government’s narrative blaming the PTI for all economic disruptions.
The timing of these events, coinciding with a significant Belorussian delegation’s visit, has drawn further criticism. Both the government and opposition share blame for the losses. However, as the ruling party, the onus falls on the government to lead responsibly and prioritize the public’s interests.
Negotiations between political parties must commence urgently to reach a consensus that minimizes disruptions and protects the economy. A balanced, thoughtful approach is critical for ensuring stability and public well-being in the long run.