Private sector warns crises causing $ 50 m daily economic loss

The current political crisis could cause $ 50 million loss per day or rising, the private sector revealed yesterday, whilst fearing a drop of around 30% from the export revenue from this month onwards. A total of 23 major associations, representing key industries of the economy in one voice called on the parliamentarians of all political parties to come up with a viable long-term proposal to urgently start negotiations with the International Monetary Fund (IMF) along with debt restructuring plan, to ensure political stability to win the confidence of the world to fix the adversity.