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PML-N decides to launch public awareness campaign against soaring inflation
The Pakistan Muslim League-Nawaz (PML-N) has decided to launch an awareness movement inside and outside of the Parliament against the soaring inflation in the country.
The Pakistan Muslim League-Nawaz (PML-N) has decided to launch an awareness movement inside and outside of the Parliament against the soaring inflation in the country.
The decision was taken at a meeting of party’s Economic Advisory Council.the meeting also resolved to highlight the economic performance of Pakistan Tehreek-e-Insaf (PTI) to the public.
In this regard, the PML-N has decided to stage a protest at the National Assembly meeting on Monday and to set up a camp outside the House on Tuesday.
PML-N will hold seminars with businessmen and traders across the country along with using medium of media, namely talk shows, news conferences and other ways to accentuate the incumbent government’s economic policies.
It is projected that Pakistan’s GDP growth would remain close to 2.5% because of slowdown specifically in large scale manufacturing and agriculture sectors. Meanwhile, inflation would remain high hovering around 13%. Increase in power tariffs and higher oil prices could, however, cause inflation to shoot beyond these estimates. Furthermore it is anticipated that policy rates would be cut in 2020, because the current rates are unsustainable.
Notably, having repeatedly returned from the brink of economic collapse, it is high time Pakistan chooses a more sustainable model of economic growth as the country faces a ‘now or never’ situation.
Needless to say this would require robust policy and implementation frameworks. The celebrated economic turnaround has been seen numerous times before and should ideally not be cause for rejoice. In 2020, fiscal reforms will determine the country’s fortunes. Pakistan must ensure that meritocracy, planning and education are given their due importance if it is to make its place on the world stage.
