Though the government says it is talking to various gas exporters, it has so far not been able to lock any new deal to ease power outages amid surging electricity prices.
The writer says dundamental reasons for the rupee’s weakening such as widening trade and current account deficits were present even before the replacement PTI regime.
There is no way the inflation-stricken low- to middle-income households, already crushed by massive fuel price increases and bracing themselves for an enormous surge in power and…
The writer says collateral damage to the global economy may be too severe for tightening to be sustained.
The paper says if the government’s finance team finds itself in a tight spot now or farther from an IMF deal on the sustainability of its budget, it has only itself to blame.
Proactive programmes to reduce wealth inequality in a sustainable manner need to be front and centre of our priorities for a progressive and peaceful future.
Investment crunch, policy flaws, infrastructure constraints and market inaccessibility are key hurdles.
What is most essential is for the Bangladesh government to use the budgetary allocations efficiently, cutting down on corruption and wastage.
The incumbent government is cash-strapped and in no position to magically cure the power sector’s many structural issues.
Saving a few billion dollars is probably not in the best interest of a nation like Pakistan, at the end of the day.