IMRAN.PSP

While going through the current turmoil of governance and law and order, Pakistan economic problems are yet to see an end. The new government successfuly negotiated an IMF deal but it too came at a cost, yesterday there was an increase of around 5% on Month to Month basis, which on yearly basis is more than 60% of increase) in oil prices. However the real price hike bomb was this time dropped in the form of increase in Electricity Tarrif which went up from 40% to 80% depeding upon the consumption of an household. Being the main inputs of virtaully every produced goods and as well as services, this increase will have its repercussion to come in the coming days. Inflation specially the food prices are going to go up which coupled with the losing value of PKR are going to contribute to the poor masses of the pure land. SBP governor recently told senate committee that capital flight amounting to 25 million USD is taking place in Pakistan on daily basis which is putting the already fragi...