Published in Dawn on April 8, 1994
This is with reference to Mr. Sultan Ahmed's article under the candid caption "On inflationary course again" (Dawn, March 31).
Before wealth tax on the feudals is imposed, they have been given a substantial relief in the form of a rise in the price of wheat. From all accounts, the feudals have never had it so good. They hardly pay anything substantial to the poor peasants. They have their bank loans written off every now and then, and it is they who get elected to the Parliament and decide what to do with the taxes paid by the groaning, honest urban masses.
What else can you expect but rampant inflation when a very poor country and it's debt ridden provinces decide to build new capital cities?
If this state of affairs continues, our annual inflation rate could exceed that of Argentina's. At least, we'll make it to the Guinness Book of Records,
Shakir Lakhani
Karachi
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