Measuring the economic impact of caretaker government
KARACHI: Election fever has subsided now as two family dynasties take control of the new government. What will happen in economic policymaking remains to be seen until the announcement of the finance minister, energy/energy minister, the new International Monetary Fund (IMF) program and the budget announcement. The always empowered outgoing caretakers looked after the economy well in arguably the worst economic period in decades. Let’s recap some of the right – not popular – steps taken. Rising gas and electricity prices: Subsidizing energy costs is clearly out of the equation now. Fiscal space is so tight that additional waste increases


