 Pakistan's current inflation, unemployment and poverty are bigger problems for the national economy than any natural calamity or war, said Mohammad Pervaiz Malik MNA, central leader of the Pakistan Muslim League-Nawaz (PML-N), on Tuesday. Addressing a party meeting he said that the wars of 1965 and 1971 along with the floods and earthquakes, which hit the country in the past, did not have as bad an effect on the economy as did faulty policies and corruption. In the past, he said, a struggling economy could be attributed to global trends. However, now that the rest of the world was progressing, there was no excuse for a weak economy, he said. Malik said that the current inflation regime was self-inflicted, and the government, by drastically increasing prices of petroleum products twice in a span of 14 days, had dealt a severe blow to the prices of all goods, including household items. This, he said, coming at a time when the price of petroleum products was on a global decrease, was unacceptable, adding that this was an additional burden on the country's tax-weary population, who were already struggling.
| Just keep on managing the old economy. Oh, and divert a significant percentage of your national income into religious studies. You can never have enough holy men. |
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