Austerity delusion

ON March 20, 2026, Pakistan’s prime minister delivered a somewhat unwarranted and empty address to the nation — merely to announce that he had declined one among a dozen or so summaries placed before him each day. The announcement of not consenting to an additional hike in oil prices at the time, came in the wake of previously announced, lukewarm austerity measures. While burdening the poor, such ‘plasters on a bullet wound’ measures provide neither long-term financial reforms nor alter the fund...