The PM had hinted at what was going to happen in his address when he warned the nation that there were petrol prices increases ahead. The government’s reticence about the hike being the highest in the country’s history, and the increase being more than the petrol rate itself in living memory, is also noticeable. The effects of price hike on electricity tariffs will be added to the costs of diesel as an agricultural input. The government appears to be still working on meeting IMF demands, even though the subsidy offered is anathema to it. World prices are headed upwards, but such sudden movements give the impression of a government out of control.

Source: Pakistan Today November 06, 2021 06:28 UTC