Through a swift unanimous agreement, the Punjab Parliamentarians pushed through the now controversial Bill for increasing their salaries, perks and privileges. This came on the heels of the US$1 Billion deposit placed by the Government of UAE with the Government of Pakistan. For a government besieged by rising fiscal and current account deficits and scrambling to manage the economic situation through obtaining loans and deposits from ‘Friendly’ nations, this was indeed a surprise move for all quarters. For the people already burdened by rising inflation, higher interest rates, higher utility charges and low levels of business and economic activity, this was indeed a slap in the face. The media has gone berserk trying to make sense of the whole situation.Monday 18 March 2019
Of Perks and Privileges
Through a swift unanimous agreement, the Punjab Parliamentarians pushed through the now controversial Bill for increasing their salaries, perks and privileges. This came on the heels of the US$1 Billion deposit placed by the Government of UAE with the Government of Pakistan. For a government besieged by rising fiscal and current account deficits and scrambling to manage the economic situation through obtaining loans and deposits from ‘Friendly’ nations, this was indeed a surprise move for all quarters. For the people already burdened by rising inflation, higher interest rates, higher utility charges and low levels of business and economic activity, this was indeed a slap in the face. The media has gone berserk trying to make sense of the whole situation.
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