The power tariff hike is in fulfillment of the agreement with the IMF, whereby the tariff increases, to end circular debt, are an essential condition for maintaining the programme. The drug price hike of seven percent increases for lifesaving drugs and 10 percent for others, is supposed to be because of inflation. It also indicates that the government does have a role in the price levels of a wide range of items. It would do well to remember that it had promised during its campaigning to bring down price levels. The government is not exercising its considerable powers to regulate prices.

Source: Pakistan Today September 25, 2020 17:33 UTC