ISLAMABAD: The uncertainty and turmoil caused by the Azadi and Inqilab marches of Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) have adversely affected the economic activities and have caused colossal losses to the industry to the tune of billions of rupees.
The prevailing political impasses has also shaken confidence of the foreign investors and brought the import/exports activities to a halt besides weakening the value of rupees.
The fragile economy has suffered irreparably as the wheel of industry and businesses has been at a halt for the past one week which bleak its international posture.
As per estimates the trade activities in the twin cities of Rawalpindi and Islamabad have been suffering a loss of Rs3 billion per day due to blockage of routes in the backdrop of Azadi March. As per media reports, the Ministry of Commerce is collecting statistics on how much loss has been caused to national economy due to long marches. The government has placed 7000 containers on highways and roads to stop Azadi and Inqilabi marches. The international trade has also been affected adversely due to suspension of connection among all four provinces in the perspective of the long marches.
Commerce Minister Khurram Dastgir claimed it will take one year at least for recovery of national economy.
He said that so far the economy had suffered a loss of more than Rs300 billion.
Social and economic experts said that great trade loss had occurred and now the government should change its strategy and ensure supply of food items to citizens on one hand and to stabilize prices on the other.
Pakistan Customs seizes Rs158m worth of smuggled phones, liquor at Sost Dry Port
SOST: Pakistan Customs has seized contraband worth an estimated Rs158 million in two intelligence-based operations at Silk Route Dry Port,...
