Longstanding effects on economic growth and monetary strength may result from this. Thousands of Pakistan traders closed their shops in September last year, striking over rising energy and fuel bills rousing extensive dissatisfaction. Years of mishandling and uncertainty have shaken Pakistan’s economy, and last summer Islamabad had to make a deal with the International Monetary Fund (IMF) to avert default. Merchants have huge power in Pakistan; the government faces the delicate task of dealing with them while sticking to IMF austerity measures. Policymakers must control inflation through sound monetary and fiscal policies to ensure economic prosperity for all and to put Pakistan on the road to progress.
Source: The Patriot February 23, 2024 07:03 UTC