How to reduce people’s misery in energy sector | The Express Tribune
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ISLAMABAD: It does not require any elaboration that people are suffering from high inflation, especially in the energy sector. There are both supply and pricing issues. It is also known that heavy currency devaluation and international commodity crisis in the context of Ukraine conflict have, in large part, contributed to these problems. The problems are becoming unbearable, although the government’s pricing policies have tried to save the poor from the brunt of energy price inflation. In the process, middle classes are suffering and falling into the ranks of the poor. The tragedy is that more is yet to come. Policymakers and administrators are at a loss as to what to do? There are a number of long-term solutions that have often been discussed, but in this piece, we will try to look for some steps, which may help reduce the misery of the people. Governments’ hands are tied under an IMF agreement. Cost has to be recovered in full from consumers, although cross-subsidy...
