One wonders how we are still able to run our economy even though it is totally wounded. The PKR is already touching 88 rupees per one dollar conversion rate these days. The phenomenon is just a byproduct of inflation that has raked the country. The economic policies of the government, particularly the internal borrowing from the State Bank, have upset the delicate balance of budgetary equation.
It is time to move beyond the making do kind of thinking and sincerely lay down certain limits on borrowing, clear fiscal policy and a framework for financial stability. This is only possible if the government checks leakages in the state owned organisations and fetters corruption.
NADEEMA BILQUIS
Lahore