Major Relief Package

228

To protect the masses from the impact of global inflationary trends, Prime Minister Imran Khan unveiled a major relief package on Monday. This package included the reduction of petroleum prices to Rs 10 per liter, electricity cut of Rs 5 per unit some other measures. During his forty minutes speech, he talks about the issues of national importance, including the foreign policy, amendment in the Prevention of Electronic Crimes Act (PECA) Ordinance, and challenges to his governments and achievements including on the economic front. The government introduced these measures to relieve the common masses but the issue of inflation is still there and a big challenge to the current government. If we talk about the prices of the things of daily need such as grocery, food items, etc, they are still high, people do not want these numbers to be reminded of the rapidly increasing cost of living. However, this is only a temporary phenomenon that does not bring any meaningful relief for low-middle-income families that have been struggling to cope with the high prices of daily essentials for over two years. If the trend of the last few months continues, and it will, headline inflation is likely to stay around 11pc to 12pc over the second half of the present fiscal year to June. Price stability has been the biggest challenge facing the Imran Khan administration as well as the central bank. The government is trying to provide relief packages and special incentives to the masses to deal with the challenges, with minister after minister telling the public that it is just a temporary phase. Yet people who are increasingly finding it harder to put food on the table and pay their energy, education, and health bills remain unimpressed. Inflation is a real issue for the public. Telling them that it’s temporary, or it’s globally, amounts to insolent their intelligence.

Comments are closed.

Subscribe to Newsletter
close-link