The latest news is the Supreme Court taking suo moto notice of the Bankers helping themselves to large dollops of cash as ‘Bonuses’ for their performances delivering high profits for their institutions. The bankers have already been giving themselves gold medals for their being voted ‘banker of the year’ and, of course, ‘Best Central Banker of the Year’ to two State Bank governors.
These Bankers, mainly of the National Bank and State Bank of Pakistan, have presided over the sharpest decline in industrial production in the country. This decline has caused the largest unemployment in the country, and could have triggered a massive revolt.
The poverty levels are already below known records, while desperation-driven suicides for economic reasons have become a daily occurrence. The interest rates have been maintained at ridiculously high rates, so that it is not economically viable for industry to be financed with bank funding.