The strategy outlined here has the potential to deliver medium-term breathing space for the government.
Although inflation has picked up in the past few months, its level is still low by recent historical standards.
Pakistan’s opinion-makers are major beneficiaries of an artificially low rupee-dollar rate.
The idea is to better understand the structural roots of Pakistan’s current account malaise.
The current account deficit and fiscal deficit are bound together.
A debt re-profiling could kill four birds with one stone.
There is a strong case for the crop to be protected and its exports to be developed.