Sir: The loss incurred as a result of ‘Naya Pakistan’ and ‘Inquilab’ is a colossal Rs 1,000 billion or $ 10 billion. This is precisely 25 percent of the estimated revenue collection for 2014-2015. The Pak rupee has depreciated vis-a-vis the dollar by approximately Rs 3. In other words the country’s public debt has increased by Rs 180 billion ($ 60 billion external debt). Pakistan will soon see rampant inflation. The above figures are over and above the loss of confidence of foreign investors.
I think the citizens will all come out bruised in the present scenario, as I see the monster of inflation raising its ugly head once the dust settles. Inflation is the worst form of taxation. No matter who is at the helm of affairs it will not be an easy task to govern in the coming months given the precarious state of the economy. The punch line is: “To complain of the age we live in, to murmur at the present possessors of power, to lament the past to conceive extravagant hopes of the future are the common dispositions of the greatest part of mankind.”
Wing Commander (retd) Jamshed Savul
Peshawar
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