Harder times ahead
(WorldNews Business)

THE PTI government is in problem. It has apparently failed miserably on the economic front. The National Accounts Committee recently revised downwards 2018-19 economic growth to 1.9 per cent from the initially estimated 3.3pc. The committee believes that even in the best-case scenario, the economy will contract by 0.4pc during this fiscal year. The Covid-19 pandemic is here. The novel coronavirus is spreading across Pakistan with experts telling us that the peak is expected in June. If their data reading is right then the entire first quarter of the next fiscal year, July-September, will offer no major opportunity for a quick economic revival. Between March 17 and May 15, the central bank...