Finally, some wisdom has dawned on Head Honcho:
Unfortunately, this may lead to immediate 50% or more inflation as all the suppressed price controls get released and the markets respond to natural equilibrium. On the plus side, black markets should end as official price of foreign exchange matches real price in the market.
No other option but to implement IMF programme: PM Shehbaz
No other option but to implement IMF programme: PM Shehbaz
Lauds the nation for braving the burden of price hike patiently, says govt cannot provide subsidies to any sector without approaching IMF.
www.dawn.com
Unfortunately, this may lead to immediate 50% or more inflation as all the suppressed price controls get released and the markets respond to natural equilibrium. On the plus side, black markets should end as official price of foreign exchange matches real price in the market.
