Pakistan, Sept. 20 -- Protests, sit-ins could cause Rs120 billion in daily economic losses as Pakistan moves from economic stabilisation towards growth, Finance Minister Muhammad Aurangzeb said. Speaking to the media, Aurangzeb said the country had made progress on several key economic indicators. He noted that foreign exchange reserves had reached their highest level in Pakistan's history, while the country was recording a current account surplus and continued remittance growth.

Aurangzeb said Pakistan was now moving from economic stability towards broader economic growth. However, he warned that developments in the Middle East were creating major challenges for global trade. Rising freight and insurance costs, along with supply chain d...