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Is Economic Policy Being Dictated by Politics?

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 The higher 5.7 percent growth rate for 2020-21 will make it more difficult for Finance Minister Shaukat Tarin and his staff to persuade the public of their success by the conclusion of the current fiscal year, especially if the GDP rate falls sharply. Some economists and development partners are already forecasting a reduced growth rate, which could be even lower after the rebasing. The influence of a greater growth rate on investment is debatable among experts. The ruling party, they believe, will not gain much political capital from the exercise. Business circles either don't comprehend national accounting practices or are hesitant to voice their opinions in public, preferring to focus on the future and how the government plans to reassure and quiet their fears. "More than anything, sudden and abrupt policy changes erode company confidence." The removal of tax advantages, amnesties, concessions, and duty adjustments shook the ground beneath our feet and threw our plans...
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PM Imran declares during a live Q&A session that inflation is the only thing keeping him awake at night. Prime Minister Imran Khan answered live on-air questions from the general public on Sunday at a program called "Aap Ka Wazir-e-Azam, Aap Kay Saath," during which he confessed that the single issue keeping him awake at night is inflation. In response to a query on rising prices, the prime minister said it was the single issue that "kept [him] awake at night." He did, however, emphasize that the present inflation is a "global problem." "When we first took office, we had to cope with a big current account deficit [...] as a result, import costs skyrocketed." According to him, the globe was experiencing a supply shortfall as a result of the coronavirus epidemic. "During the pandemic, the US spent $6,000 billion on people's welfare, and we spent $8 billion. Both countries' situations must be compared." He went on to say that t...
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As Omicron Promotes Infections, Pakistan Sees the Second-Highest Daily COVID-19 Caseload Since 2020.

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ISLAMABAD: Pakistan's National Command and Operation Centre (NCOC) reported 6,808 new COVID-19 cases in the last 24 hours, the second-highest daily case count since the coronavirus pandemic began in 2020, as the Omicron strain spreads infections across the country. On June 13, 2020, Pakistan recorded 6,825 daily coronavirus cases, making it the country with the highest daily infection rate. According to the NCOC, a total of 58,943 tests were performed across the country in the last 24 hours, with 6808 of them returning positive, bringing the total number of infections to 1,345,801. The country's positive rate surged to a nine-month high this morning, with the infection rate at 11.55 percent. Meanwhile, five more individuals died of the virus over the same time period, bringing the total number of people who have died as a result of the infection to 29,042. 918 individuals were said to be in critical condition. Major cities with positivity higher than 10% Karachi — 41% Muzaffara...
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3 People were Killed and 23 Others were Injured in a Bomb Blast in Lahore's Anarkali Bazaar.

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LAHORE: At least three people were killed and 23 others were injured in a blast in Lahore's Anarkali Bazaar district on Thursday, according to police and health officials. The explosion happened about 1:45 p.m., according to the deputy commissioner of Lahore. He stated that the area is part of the Safe City project  and that all surveillance system evidence is being evaluated. Dr. Muhammad Abid Khan, DIG Operations Lahore, told the media that the inquiry is still in the early stages and that the nature of the blast is being determined. At least three persons have perished as a result of the explosion, according to Lahore Commissioner retired Capt Muhammad Usman Younis. Although police believe it was a placed device, it is unclear if it was an improvised explosive device (IED) or a timed device. Evidence is being collected from the scene by forensic teams. Mayo Hospital's Medical Superintendent reported that the facility received two bodies, 23 injured persons, and four people i...
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