A stable economy

The finance minister of the outgoing government kept people under the illusion that the country’s economy was stable, while relying on heavy borrowing. The PTI promised, during the election campaign, that it would root out corruption and invest more on people than on projects. However, so far people continue to suffer under the heavy weight of inflation with little reprieve in sight. The incumbent government, being new, and unfortunately unprepared, is struggling to sort out the mess created by past governments.On the one hand, it must rely on borrowing to retire debts and keep things moving. On the other hand, it must somehow take steps, difficult at times, for long-term strong economic reforms. PML-N leaders are taunting the PTI for not being able to manage the economy and pushing people into hell while promising them heaven in election campaign. They ought to understand that one must pass through purgatory to enter the heaven. The country has been driven to a situation which has turned worst owing to the collective negligence of rulers and can only be fixed by willingness and effort from both government representatives and opposition members.Raja ShafaatullahIslamabad

from The News International - Newspost https://ift.tt/2IIb1Wc