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Opinion

'A week of ill-timed decisions'

LETTER: This is apropos a Business Recorder op-ed "A week of ill-timed decisions" carried by the newspaper ...

June 29, 2020

LETTER: This is apropos a Business Recorder op-ed "A week of ill-timed decisions" carried by the newspaper yesterday. The writer, Ali Khizar, has plausibly argued, among other things, that "the decision to increase petroleum prices should have taken place before the MPC meeting. This is one of the biggest single month price increase. It has not only nullified the entire direct positive impact on inflation of previous month decline; but could have indirect inflationary expectations."

Such massive spike in POL products' prices before the passage of the Finance Bill 2020 by the Parliament creates serious doubts about government's policymaking processes in the realm of economics. Little does the prime minister's economic team know that this big rise in POL products' prices could even give birth to social unrest as people are already reeling from the shock of Covid-19 and a woeful slowdown the economic activity, which has fuelled joblessness.

TAHIRA KHAN (LAHORE)

Copyright Business Recorder, 2020