Covid-19 and the woes of PIA

Due to Covid-19, economic output is contracting across the world by trillions of dollars, and governments are printing more money while increasing government loans to provide relief to their countrymen. Pakistan too has announced a stimulus package worth $8 billion, but of this amount around $6 billion was already supposed to be provided in the shape of tax refunds, declining oil prices, and wheat procurement. To combat the impending economic fallout, Pakistan needs to open up its spending taps and scramble all its resources in an attempt to fix the economy.  However, even if the government cannot increase its revenue, can it at ...

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from Welcome to Pakistan – The Express Tribune Blog https://ift.tt/3dsfKpE