President of Pakistan Business Forum (PBF), Mian Usman Zulfiqar says government is likely to meet all IMF demands to revive loan programme and in result new taxes would impose on the industry and masses, depreciation of the currency which would further spike the inflation.
It is also feared that we touch 30 percent annual inflation rate in 2023.
Despite that Pakistan should considering alternative options to tide over its economic crisis other than habitual option of IMF.
Our economic failure is a symptom of our collective political choices.
Once we can allocate political power more fairly, we can make better economic outcomes.—NNI
