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2021: The year that was

It was an eventful year that ends on a positive note. In the face of COVID pandemic, Pakistan has performed better than its peers. It has managed to register a decent economic growth of 3.9 percent, and a surplus on current account, till the middle of the calendar year. On the heels of three important issues; Afghan situation, spike in the international commodity prices and the FATF, the International Monetary Fund has forced additional taxes, to the tune of Rupee half a trillion. This may bring further inflation, but the government says, inflation alone is better than stagflation. A deadly combination of stagnation and inflation. Member Economic Advisory Council, Dr. Abid Suleri has it analysed for you…

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