'Fiscal deficit unrealistic'

This is apropos a Business Recorder editorial "Fiscal deficit unrealistic" carried by the newspaper recently. Premising its argument on what noted economist Dr Hafeez Pasha has been repeatedly saying appears to be attempt aimed at looking at the situation through the prism of this economist's take on the overall state of country's economy. While the newspaper has every right to acquiesce to Dr Pasha's argument it must also appreciate the fact that present state of economy is much better than what it was prior to the 2013 general elections: the country is no more on the brink of fiscal bankruptcy; nor is there the egregious threat of rising inflation that had not only led to given birth to ever-rising interest rates hurting the private sector's business, the lives of the teeming millions had also become highly miserable in the absence of price stability. Although, the situation is not ideal, it is better than what it was three years ago. For example, energy situation is better, albeit slightly, as compared to what it was before the last general elections. This newspaper, which is widely known for its deep insights into finance and economics, is requested that it must not lose sight of the cardinal principle of journalism: objectivity.