An inflation tsunami has erupted in the country and its velocity is increasing everyday by energy price hikes, petrol prices, increasing government expenditures, budget deficit, increase in taxes, corruption, extortions coupled with lawlessness, injustices, malpractices, linguistic and ethnic differences among so many other factors. It is estimated and feared that inflation tsunami will drive us to bankruptcy.
Unless some serious steps are taken, that too sooner rather than later, we would have to face some serious repercussions of this whole scenario.
M IDRIS SAIGAL
Karachi
