Pakistan: Can Nawaz Sharif
Redefine Priorities?
The process
of oath taking by the elected members has started. On Wednesday the elected
members of Sindh Assembly sworn in and shortly members of other provincial
assemblies and National Assembly will also take oath. Mian Nawaz Sharif will create
the history by becoming Prime Minister of Pakistan for the third time. All the
fellow countrymen wish him the best and wish his government completes its term.
The haunting memories of dismissal of his previous two governments are still fresh.
In these
pages it has been highlighted repeatedly that it will not be the bed of roses
for the rulers, particularly for Mian Sahib. His party will form government at
federal because it enjoys simple majority and in Punjab it enjoys two-third
majority. However, his worst critics and opponents will form the government in
remaining three provinces.
Since all
the parties want to put economy of the country on fast development, resolve
energy crisis, curb militancy and establish writ of the government establishing
good working relationship is a must because they have consensus on the issues
and also on the priorities. The management gurus say ‘a problem well diagnosed
is half solved’.
Fortunately
or unfortunately all the parties have consensus on four basic issues facing the
country that are: 1) balance of payment, 2) energy, 3) law and order and 4) internal
and external threats. It may be another thing that they may not priorities the
way these have been listed here. During the election campaign political parties
have talked a lot about these problems and the root causes. Now the time has
come to come up with policies through consensus and implement these in letter
and spirit.
To begin
with the new government will have to finalize details of Saudi bailout package
and IMF extended financial facility. The
two options will help in different ways, Saudi package will help in containing
further erosion of existing paltry foreign exchange reserves and IMF facility
will provide the much needed breathing space to come up with a home grown plan for
overcoming balance of payment crisis. Delaying the decision for next 100 days
to witness the impact of policies can prove fatal if desired results are not
achieved.
People are
disappointed with the statement of Mian Sahib that energy crisis is far worse
than estimated. They had got some idea when PML-N leadership extended the
period from three months to three years and lost hopes with the announcement
that the government needs 500 billion rupees or five billion dollars to
overcome the issue. Even the experts wonder how such a colossal amount could be
mobilized and what will be the required measures to pay off this debt.
Some cynics
say the country does not needs money but a solid plan to resolve the crisis.
Both electric and gas utilities have to overcome blatant theft and improve
recoveries to improve cash flow. At present about 6000MW electricity is
produced at hydel plants which don’t require even a drop of oil and remaining 6000MW
electricity is supplied by IPPs.
If NTDC
clears all the outstanding amounts IPPs will have enough cash to buy fuel. The
much talked about debate that ministry of finance is not releasing the required
amount is spreading disinformation rather than helping in resolving the crisis.
The federal government can pay the amount pertaining to federal and provincial
governments, state owned enterprises and make the deductions at source.
Law and order
situation can be improved by taking action against the culprits irrespective of
their association with political parties or religious groups. Let one point be
very clear that economic prosperity can’t be achieved without ensuring security
of people and their assets. Operation in a particular area or against a
specific ethnic group can’t resolve the issue.
Once the
economy is put on track, the government can address internal and external
threats, worst being growing militancy and sectarian killing. The time has come
to weed out foreign militants, who are also being used by various local groups
for settling scores. Across the board operation is required against the perpetrators,
irrespective of their association with local political parties and religious groups.