The Pakistani government’s delay in announcing its new economic reform plan has sparked concerns about vested interests influencing the decision. The plan, aimed at addressing high power costs, is crucial for the country’s economic growth. However, the sudden unexplained delay raises suspicions about the government’s intentions.
Many believe that the delay is a result of pressure from Pakistan’s rent-seeking elite, who stand to lose from the reforms. The government’s deferral of the announcement on Independence Day was seen as a sign of this influence.
While it is too early to jump to conclusions, the delay is a cause for concern. It is essential to ensure that vested interests do not hinder the government’s efforts to implement much-needed economic reforms.
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