Oil price has further collapsed & likely to stay low since Saudi threat of all our price war. Pakistan BoT will look very healthy in coming months with import bills halving. Inflation will also fall dramatically. While the resistance will mourn, Awaam & PM @ImranKhanPTI can smile 
Collapse of oil prices won't only only help in terms of trade but also dramatically lower input costs for entire production value chain. Electricity & gas bill can also now be cut, which is likely to bring down inflation expectations to single digits almost immediately
The inevitable fall in inflation expectations gives SBP policy board ample room to gradually start cutting rates while still maintaining positive real rates. With inflation likely to be under control and rate cuts almost inevitable, fiscal pressures will also abate sharply
Good generals never act in haste but rather wait for propitious moments to present themselves to take advantage. Such a moment is being presented to the govt & SBP to undertake substantive reforms while also easing burden on the people. It's incumbent on them to grasp this moment
While not an attribute to celebrate, Pakistan can take some comfort in being one of the economies less integrated with the global compared to most of its peers. Exports are less than 10% of GDP, which should help it in negotiating the global storm that has been unleashed
