Please allow me to say that Pakistanis were ready to bear
the brunt, but unwillingness of the ruling junta to cut contain its
extravaganzas, created rebellious attitude. Now, top of the agenda items should
be bridging the confidence deficit, curtailing extravaganzas, facilitating the
local manufacturers and exporters.
The economic managers must stop saying “these are the
conditions of IMF” and come up with a home grown plan. Restoring the
competitiveness of the local manufactures can not only help in boosting exports
but containing inflation and generating new employment and taxes.
It is encouraging that the Caretaker Prime Minister, Anwaarul
Haq Kakar, has assembled a small cabinet comprising of 24-members, which sworn
in on Thursday. This can also be termed the implementation of a technocratic
framework. One has all the reasons to believe that the setup has been put in
place to serve the country beyond 90 days due to the potential delay in holding
scheduled elections.
This extended period presents a unique opportunity to the
caretaker government to spearhead essential economic reforms. Unburdened by
political considerations, they can make tough but necessary decisions to
jumpstart the economy. Notably, the caretaker setup comprises of accomplished
professionals, particularly in key ministries such as Finance, Foreign Affairs,
and Power. This strategic placement underscores their significance in the
forthcoming period.
The Prime Minister's unwavering commitment to address
pressing economic concerns is evident in his swift actions. His decision to
transfer DISCOs (Distribution Companies) to provincial authorities, his efforts
to attract investments through the SIFC, and the prompt convening of the
inaugural cabinet meeting on Friday, all reflect the priority he places on
resolving these issues.
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