Thursday, 30 June 2022, 12:14:12 am
Analysts hope new government will effectively tackle economic malaise of the country
April 12, 2022

Dr. Aliya Hashmi (Economist): IMF program was on hold due to the political instability in the country and we hope that it will resume soon. Our foreign reserves are not sufficient to make the debt repayments. The new government must devise an inflation policy in order to control it. Although the inflation is rising globally, yet certain measures are mandatory to minimize its impact on common man. There are certain reasons behind the global inflation, including the post-covid revival of economies and the Russia-Ukraine conflict, due to which there are disruptions in productivity and logistics. This has led to a huge gap between supply and demand. We have to wait for the budget and see how much relief is given to the masses. State Bank of Pakistan has introduced new interest policy to control the inflation. During the last few days, the dollar value has decreased against the rupee. The reduction in dollar value will bring down the prices of imported items. The present government must focus on price monitoring. Moreover, income of the people should be increased so that they have a better quality of life.