Economic Disparity

The coalition government will have to face stringent economic challenges in the coming days.

A few days ago, Finance Minister Miftah announced a hike in fuel prices which has an impact on the lives of people.

It is the onus of the government to take measures to curb the adverse impacts of unbridled inflation.
In this regard, Prime Minister Shahbaz Sharif announced the relief package to alleviate the economic woes of the low-income segments of society.

He vowed to protect these segments by announcing an additional sum of Rs 2000 for those who had been already getting financial aid through the Benazir Income Support Programme (BISP).

He also announced the provision of subsidised wheat through the Utility Store Corporation to address the possible food crisis which could grapple the country owing to rising inflation.

Mere announcements and allocations of funds are not enough. The government should address the root cause of the problem.

The funds for addressing the crisis must be spent on the people who deserve them. The authorities’ strict vigilance is imperative.
The upcoming budget will be a daring task for the government but it should make sure the availability of certain edibles to the poor population of the country.

Finance Minister Miftah Ismail and his team must chalk out a policy to lessen the burden of indirect taxes which affect people’s budgetary affairs badly.

In recent years, the coronavirus and other factors create financial troubles for the salaried class and pensioners. The policymakers must consider their problems and strive to decrease their burden.
If the government once decided to cut the subsidies, it should slash the sum of subsidies for the corporate sector which does not need it.

In recent years, it was observed that wealth was restricted to a small wealthy class that has all luxuries at its disposal. It is not fair that a small segment of society enjoys the luxuries of life at the cost of a large population. This tendency would create unrest and chaos in our society.

Economic disparity must be stopped.