Bearing the cost

Acknowledgment of the human cost of Pakistan’s repeated boom-bust cycles is necessary.

There is growing acknowledgment of macroeconomic stabilisation in recent months. Inflation is down , the current account has posted surpluses for four consecutive months on the back of rising remittances, foreign exchange reserves are growing and export growth, while not spectacular, remains consistent. There is some improvement in real economy figures, such as auto sales and cement dispatches , though overall economic growth is still well below par.