Price stability: a high priority task
A stable Pak Rupee, decreased petrol prices since September 2023, and a substantial fall in inflation are some of the best happenings that have taken place in a year or so. This positive development, it appears, did not get the required attention that it deserved in the media.
It is regrettable that the topic does not consistently make significant headlines or breaking news. Sadly, however, little negative economic issues are given more space.
Where have the economic experts disappeared and why are they unwilling to address the facts and offer helpful guidance? It’s also true that the country still has a long way to go in fixing its economic issues, and this is only the start of the process.
Policymakers should be mindful of the risk and consequences associated with an economic crisis, which could recur if these are not adequately addressed. To be honest, it was widely expected that food prices would remain steady while vegetable prices would fall so rapidly.
For instance, who would have thought that the rates of green peas would have fallen from Rs 300/kg to less than Rs 50/kg? Tomato’s price declined from Rs 350/kg (the highest) to........
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