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Moinuddin Khan


A marked deterioration in the economy, a treasury on the verge of bankruptcy and huge levels of debt made fresh fiscal measures unavoidable, the PTI’s Federal Minister for Finance had perforce to present the Finance Supplementary (Amendment) Bill 2018 in the National Assembly (NA) on Sep 18.


It’s the Economy

Two hundred days plus into the military regime the prime problem remains the revitalisation of the economy. Miracle men with magic wands and smooth rhetoric notwithstanding, the economy remains sluggish. Granted that the financial haemorrhaging that was the hallmark of the past political governments has been contained, client-patron relationships that have bedevilled Pakistan for over 50 years continues to flourish, one set of patrons have simply been replaced by another, the clients keep ever increasing, to their credit much slower in this regime. Except for one or two dishonourable exceptions, the khakis have remained squeaky clean. Economic initiatives taken have been enough for the manufacturing sector to show some life but nature has played a cruel hand to the agricultural sector, the backbone of the economy. There is a shortage of water in our rivers and severe drought in many parts of Balochistan and Sindh, is a potential disaster staring us in the face. We expected a bumper wheat crop, in the face of fickle nature, if at the least we do not get a reasonable one, we face a very bleak immediate future. To add to additional outlays for oil, add to that for wheat.