Challenge of price hike

It is heartening to note that at least one member of the federal cabinet has conceded the fact that there has been enormous price hike during the ongoing tenure of PTI government. According to media reports, Minister for Planning, Development and Special Initiatives, Asad Umar has acknowledged that prices of sugar and wheat have increased by 73 percent and 53 percent respectively. Umar, a former Finance Minister, who presented statistics of the economy prepared by the Planning Commission, had remarked at a recent cabinet meeting that prices of sugar and wheat increased sharply after the PTI's government came to power.

But this is not enough. Despite Asad Umar's bold admission, the government appears to be clueless insofar as the challenge of rising inflation is concerned.

Kaleem Umar (Islamabad)