The newly sworn-in caretaker Prime Minister of Pakistan, Anwaarul Haq Kakar, has expressed his commitment to ensuring the continuity and improvement of the country’s economic policies. Kakar, who took office on Monday, highlighted this during a meeting at the Prime Minister’s House in Islamabad. The meeting focused on the economic situation, measures for stability, and reforms in the power sector.
Kakar took over from Shehbaz Sharif, who led a ruling coalition during his tenure. The country faced economic challenges during this time, including delays in securing a bailout package from the International Monetary Fund (IMF), depreciation of the currency, and declining foreign reserves. The government implemented import restrictions to reduce the current account and trade deficit. Additionally, the Special Investment Facilitation Council (SIFC) was introduced to attract potential investors.
During the meeting, Kakar specifically discussed the importance of the SIFC. He stated, “Enhancement of foreign investment under the Special Investment Facilitation Council is among the top priorities of the caretaker setup.” He also emphasized the continuation of public welfare projects and the provision of high-quality healthcare and education facilities.
Moreover, Kakar directed authorities to expedite ongoing reforms in the power sector and emphasized the strict implementation of measures to increase tax revenues. He expressed his commitment to focus on deregulation, responsible autonomy, and economic reforms.
Kakar requested detailed reports on the progress of reforms in all sectors. The meeting was attended by prominent officials, including the Governor of the State Bank of Pakistan, the Secretaries of Finance and Power Divisions, and the Chairman of the Federal Board of Revenue.
Former Prime Minister Shehbaz Sharif had previously pledged to ensure the continuity of their policies during the caretaker government. He stated, “The government would ensure that the caretaker government carried forward the policies of the national interest to achieve consistent progress,” and assured that he would oversee the continuation of their policies.
In summary, the interim Prime Minister Kakar has affirmed his commitment to the continuity of economic policies in Pakistan. The caretaker government aims to improve economic stability, attract foreign investment, accelerate reforms in the power sector, and increase tax revenues. With a focus on public welfare and responsible autonomy, Kakar aims to lead the interim setup to achieve economic reforms and consistent progress.