September, 30, 2023
Caretaker PM Anwar ul Haq's Economic Recovery Pledge"It was nice talking to you.

Caretaker PM Anwar ul Haq’s Economic Recovery Pledge”

In a recent special report, Caretaker Prime Minister Anwar ul Haq expressed confidence in the continuity of the economic recovery plan despite the dissolution of the Caretaker Government. He emphasized that their actions are aimed at facilitating the implementation of the country’s economic recovery program for the incoming elected government.

During the fifth meeting of the Special Investment Facilitation Council’s PEX Committee, chaired by Prime Minister Anwar ul Haq, attendees included the Army Chief, Interim Federal Cabinet, Provincial Chief Ministers, and senior civil and military officials. Federal ministers provided detailed briefings on various sectors, and discussions focused on removing obstacles to both local and foreign investments in the country.

A comprehensive roadmap was devised during the meeting to address economic and administrative challenges while fostering the nation’s economic growth. The meeting was convened to enhance regulations, expedite processes, and engage in consultations to promote long-term economic development goals through the Special Investment Facilitation Council.

Prime Minister Anwar ul Haq approved practical measures and directed their prompt implementation within a specified timeframe, stressing the responsibility of ministers to ensure their execution.

In an interview with Athar Thi TV, the caretaker prime minister anticipated that the results of the Special Investment Facilitation Council’s economic measures would begin to manifest by the end of the year. Regarding the timing of elections, he indicated it would be determined by the Election Commission of Pakistan and that the caretaker government would support their constitutional duty.

The caretaker Federal Minister of Finance and Revenue, Dr. Shamshad Akhtar, held a joint press conference with the caretaker Ministers of Information and Broadcasting, Commerce, and Energy. They emphasized the need for economic reforms and highlighted the caretaker government’s commitment to collaborative teamwork. Addressing the importance of committees like the CC, they outlined their goal of achieving stability and sustainable growth in the overall economy. Structural reform programs would focus on social security and financial inclusion. Plans were in motion to address loss-making public sector enterprises, improve corporate governance, and pave the way for privatization.

Responding to a question about industry, Dr. Shamshad Akhtar noted ongoing discussions about import restrictions and their impact on the exchange rate. Talks with international institutions like the World Bank and Asian Development Bank were underway, and an IMF review was scheduled for May. Pakistan expected support totaling six billion dollars during the current fiscal year, with efforts to resolve issues with these institutions promptly. Measures to curb currency and goods smuggling have already shown promising results.

Overall, the caretaker government was optimistic about the state of the country’s economy and remained committed to implementing key reforms and economic recovery initiatives.

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