Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Containers Are More Expensive Than Protests

The federal government recently made Finance Minister Muhammad Aurangzeb tell the entire nation in a pre-recorded message that protests, long … Read More The post Containers Are More Expensive Than Protests appeared first on ProPakistani .

Containers Are More Expensive Than Protests

Finance Minister Muhammad Aurangzeb informed the nation that protests and road blockades in Pakistan cost the country Rs. 120 billion each day. Although this figure is striking, it prompts another question: who shoulders the cost of suppressing these protests? It seems that containers may be pricier than protests themselves. Aurangzeb's estimate was compiled by Ahsan Iqbal's team, accounting for Rs.

86 billion in services, Rs. 25 billion in industry, and Rs. 9 billion in agriculture. The extent of economic disruption is undeniable. When protests are anticipated, authorities implement security measures that further impede economic activity. Roads may be restricted, commercial movement slowed, and access to critical areas restricted.

The government has warned of measures to prevent protesters from obstructing roads and entering Islamabad. These countermeasures prove to be more costly. Placing a container on a road yields no production, while vehicles stuck in traffic do not deliver goods. Fuel consumption remains high due to congestion, negatively impacting the economy.

Therefore, the Finance Ministry's Rs. 120 billion figure would be more insightful if it also included the economic repercussions of the security measures deployed to quell protests. A transport executive revealed to ProPakistani that businesses suffered a loss of Rs. 280 million during a two-week capital siege. This point is particularly pertinent considering Pakistan is still grappling with substantial economic challenges despite stable reserve levels.

In such an economic climate, every lost working hour, unnecessary fuel consumption, and delayed shipment hold significant importance. While the government is justified in its concerns over disruption, economic damage incurred due to protests is not negated simply because a government agency instigates it. If protests incur a daily burden of Rs. 120 billion, the entire cost should be considered. Including the price of containers.

Written by urgent.news from ProPakistani's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at propakistani.pk →

More in Finance & Markets

More from Wednesday 23 September →