Austerity's hollow veil
The US-Israel aggression against Iran has plunged much of the region into turmoil. It has triggered wider ripple effects, including geopolitical tensions and rising concerns over energy security and fuel prices. And Pakistan — being no exception to potential implications and already battered by epic misgovernance, inflation and a fragile IMF bailout programme — finds itself at the epicentre of an economic storm it did not start but cannot escape unscathed. The country has proactively responded with a historic 20% hike in fuel prices on existing stocks and a set of austerity measures to navigate the crisis. Though they may have been a necessity, necessity alone doesn't always bring stipulated results unless they are enforced in a transparent and quantifiable manner. The austerity measures include a four-day workweek for government offices, 50% work from home and a 60% reduction in the government vehicle fleet, as well as closing schools for two weeks, cutting ministerial salari...