ISLAMABAD: President of Pakistan Business Forum (PBF), Mian Usman Zulfiqar says government is likely to meet all IMF demands to revive loan programme and in result new taxes would impose on the industry and masses, depreciation of the currency which would further spike the inflation. It is also feared that we touch 30 percent annual inflation rate in 2023. Despite that Pakistan should considering alternative options to tide over its economic crisis other than habitual option of IMF. Unfortunately Pakistan’s formula for economic growth is as flawed as it gets: borrow foreign currency-denominated loans, build some large-scale infrastructure, get a minor growth spurt in the process, and wait until this growth spurt fades so we can repeat the process again. DNA
