Pakistan

Former Balochistan CM Jam Kamal Criticizes PTI Protests, Says It’s Costing Pakistan Rs 190 Billion Daily

Quetta:Former Chief Minister of Balochistan and Federal Minister for Commerce, Jam Kamal Alyani, has expressed concerns over the impact of Pakistan Tehreek-e-Insaf’s (PTI) ongoing protests, stating that the country is losing Rs 190 billion daily due to these disruptions. In a special interview with a private TV channel, Jam Kamal highlighted that despite the restrictions imposed by the International Monetary Fund (IMF), Pakistan’s exports are still on the rise, and the public has grown weary of politics centered around protests and sit-ins.

Kamal emphasized that Pakistan’s economic activities, including exports, remittances, stock exchange performance, and transit trade, are being severely impacted by frequent shutdowns of markets and shops due to protests. He pointed out that these protests not only harm the economy but also affect the working class, especially laborers.

“Despite the difficulties, Pakistan has managed to hold several successful events over the past six months, including key meetings like the inter-ministerial commission sessions and visits by foreign dignitaries. These events are crucial for the country’s economic stability,” he added.

Regarding exports, Jam Kamal revealed that Pakistan’s agricultural exports have seen an increase of $3.5 billion, even amid the IMF’s stringent conditions. However, he also cautioned that achieving the goal of increasing national exports to $60 billion requires a stable and conducive environment. He made it clear that without creating a favorable climate for business and growth, including avoiding further disruptions, these targets would remain difficult to achieve.

The former CM further stressed that while the IMF’s conditions are tough, including restrictions on subsidies and export zones, Pakistan must focus on long-term economic growth rather than short-term political gains. He warned that continuous protests and political confrontations would hinder the country’s ability to recover and reach its economic goals.

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