Pakistan's latest budget continues a theme of austerity with high taxation and reduced development, leading to compromised growth and public sacrifice. However, a Rs1.8 billion pay hike for top bureaucracy, approved secretly, has sparked outrage amid falling real incomes and record-low investment. This perceived hypocrisy and resistance to reforms by officials could erode public trust and exacerbate economic instability. Such developments might fuel inflation expectations and weigh on the Pakistani Rupee, potentially supporting local gold prices.
بحوالہ / Source: www.brecorder.com