We are living through a socioeconomic crisis unlike any since the Great Depression. With both advanced and emerging economies facing recessions amidst a global pandemic, governments and central banks all over the world are straining to deal with the economic fallout. In poor shape and on its knees before the pandemic struck, Pakistan’s economy is in dire straits. Despite this, the PTI-led government’s initial economic response hit the right notes by extending the Ehsaas safety net to protect the vulnerable and taking measures such as the deferment of utility bills. This raised hopes that the budget would push the envelope further. But it turns out that somewhere along the way, Prime Minister Imran Khan and his team have lost the plot.
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