Omicron Will Impose Economic Risks in Pakistan
Islamabad: According to our sources, the government issued a warning about the economic threats posed by Omicron on Monday. The policymakers are concerned about its inflationary repercussions, which would necessitate a response from the government.
Economists throughout the world are concerned that the new Covid 19 version may put doubt on the economic growth rebound. The Pakistani Ministry of Economy cannot disregard the dangers posed by Omicron.
Inflation is anticipated to decline month-over-month beginning in December. The price of oil has once again risen dramatically. Moreover, exchange rates are falling, but the government is attempting to keep food prices the same to assist the public.
The government is ensuring that the costs of all domestic products are acceptable so as not to impact the lower classes negatively.
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