AIRLINK 59.74 Decreased By ▼ -0.46 (-0.76%)
BOP 6.27 Increased By ▲ 0.02 (0.32%)
CNERGY 4.39 Increased By ▲ 0.33 (8.13%)
DFML 15.91 Increased By ▲ 0.16 (1.02%)
DGKC 71.25 Increased By ▲ 3.00 (4.4%)
FCCL 18.44 Increased By ▲ 0.82 (4.65%)
FFBL 26.10 Increased By ▲ 0.60 (2.35%)
FFL 9.15 Increased By ▲ 0.06 (0.66%)
GGL 10.33 Increased By ▲ 0.48 (4.87%)
HBL 114.80 Decreased By ▼ -0.20 (-0.17%)
HUBC 111.86 Decreased By ▼ -0.14 (-0.13%)
HUMNL 6.65 Increased By ▲ 0.10 (1.53%)
KEL 4.79 Increased By ▲ 0.26 (5.74%)
KOSM 4.68 Increased By ▲ 0.16 (3.54%)
MLCF 38.89 Increased By ▲ 0.99 (2.61%)
OGDC 123.17 Increased By ▲ 2.62 (2.17%)
PAEL 21.92 Increased By ▲ 0.17 (0.78%)
PIAA 10.95 Increased By ▲ 0.05 (0.46%)
PIBTL 5.99 Decreased By ▼ -0.03 (-0.5%)
PPL 108.34 Increased By ▲ 1.54 (1.44%)
PRL 28.12 Increased By ▲ 0.77 (2.82%)
PTC 11.07 Increased By ▲ 0.52 (4.93%)
SEARL 51.55 Decreased By ▼ -0.45 (-0.87%)
SNGP 67.81 Increased By ▲ 0.91 (1.36%)
SSGC 11.56 Increased By ▲ 0.03 (0.26%)
TELE 8.07 Increased By ▲ 1.02 (14.47%)
TPLP 11.72 Increased By ▲ 0.16 (1.38%)
TRG 75.71 Decreased By ▼ -5.04 (-6.24%)
UNITY 22.75 Increased By ▲ 1.60 (7.57%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 6,545 Increased By 61.1 (0.94%)
BR30 22,298 Increased By 199.8 (0.9%)
KSE100 63,703 Increased By 484.4 (0.77%)
KSE30 21,508 Increased By 202.1 (0.95%)
Print Print 2023-09-08

Economic challenges: Army vows its full support to caretaker setup

  • Reiterates to assist the government in curbing all illegal activities which hamper economic stability, growth and investors’ confidence
Published September 8, 2023

ISLAMABAD: The top military brass on Thursday reiterated to continue full support of ongoing efforts in uplifting the socioeconomic growth under the umbrella of Special Investment Facilitation Council (SIFC) and wholeheartedly assisting the government in curbing all illegal activities which hamper economic stability, growth and investors’ confidence.

The 259th Corps Commanders’ Conference (CCC) under the chairmanship of General Syed Asim Munir, Chief of Army Staff (COAS) was held at GHQ.

According to the ISPR, the forum paid rich tribute to the supreme sacrifices of Shuhadas including officers and men of the armed forces, law enforcement agencies, and citizens who laid their lives for the safety, security and territorial integrity of the country.

COAS says attempt to dent people’s trust in army thwarted

Fateha was offered for the martyrs and it was reiterated that the State of Pakistan and armed forces will continue to hold the Shuhadas and their families in highest esteem, ever honouring them with utmost respect and dignity.

Commemoration of Defence and Martyrs Day on 6 September across the country by all segments of the society was appreciated for which the Armed Forces of Pakistan remain ever thankful to our proud nation.

Participants reiterated Pakistan Army’s resolve to defend the sovereignty and territorial integrity of Pakistan against all kinds of direct and indirect threats.

The forum re-affirmed that inimical propagandists’ desperate attempts to cause wedge between the state institutions and public are indicative of their mounting desperation and will only result into more humiliation of such elements, InshaAllah!

The participants were briefed on prevalent geo-strategic environment, challenges to national security and own strategy in response to evolving threat.

The forum resolved that all terrorists, their facilitators and abettors, working on the behest of hostile forces to destabilise Pakistan will be dealt with full might of the state.

The need for speedy development of economic potential of Newly-Merged Districts (NMDs) and border districts of Balochistan for sustainable peace and growth was also emphasised.

The COAS stressed on maintaining high standards of professionalism and motivation during operations and achieving excellence during training of the formations. He commended the commanders for their constant focus on the wellbeing of their soldiers and maintenance of morale which constituted the foundation of army’s operational readiness.

Copyright Business Recorder, 2023

Comments

Comments are closed.

KhanRA Sep 08, 2023 09:12am
The role of the Army is only to protect the borders of Pakistan from external threats. Why do we need their support for economic policies when this is not their constitutionally mandated role?
thumb_up Recommended (0)
Sohail Ahmad Sep 08, 2023 11:00am
If military establishment is interested in economic reforms it is appreciated. Because political government failed to introduce fundamental economic reforms due to political compulsion. Caretaker government should take bold step for privatization of lose making organizations like WAPDA, steel Mill, PIA etc for best public interest. Secondly gray exchange market deteriorated exchange rate of domestic currency must be crushed with full force. Contract should be renegotiate with IPPs which are badly sucking blood of the electricity consumer since 1994 and all the political and military government failed to control this blackhole. People economic position is going from bad to worse due to leakages of resources in the system if the holes are not plugged then general upraising among the people look imminent against the system. VIP protocol for military and civil bureaucrats must be banned for good. why scarce resources are used for unproductive and useless purpose.
thumb_up Recommended (0)
Asim Fan Sep 08, 2023 12:11pm
Sir, Please give an option to the people of Pakistan during the upcoming elections for army to take over complete control of Pakistan. When people endorse you with majority, Army can Stop hybrid experiments and wholeheartedly work for upliftment of Pakistan.
thumb_up Recommended (0)
Tariq Qurashi Sep 08, 2023 12:20pm
The SIFC is a good initiative, but it will not be sufficient. Our Planners and Finance people need to study the reforms Manmohan Singh brought into India in 1991, after which their economy took off. We need to do something similar here.
thumb_up Recommended (0)
Pakistan post Sep 08, 2023 12:21pm
@Asim Fan, We can have army as option in ballot paper. Let this be a first in the world where an institution is elected to rule.
thumb_up Recommended (0)
Ahmad Din Sep 08, 2023 12:23pm
@Sohail Ahmad, Exactly, civil and military bureaucrats are the most prevailed creature in Pakistan. Their salaries, vehicle, petrol and other lavish spending matches the officials of "East India Company" and huge burden on the resource scarce country. Bureaucrats salaries are different from other public servants and they are getting executive allowance which is higher than the entire basic pay of public servants working in other departments and organizations. Especially in case of fuel and vehicle expenditure they are the most extravaganza and burden on the poor country. If their vehicle and fuel cost monetized then substantial saving can be made in the national exchequer. Because the official vehicles in the possession of the mentioned officers are used by their family members and even guests lavishly while the expenditure are financed from the tax income of those people who don't have money to purchase three time meal. How long tax payers will continue with this sheer injustice????
thumb_up Recommended (0)
KU Sep 08, 2023 12:23pm
As a first and only act of kindness, set up a truth commission and arrest everyone and all involved in white-collar crimes for the last many years. May be difficult, but that is the only way to heal the festering wounds that are making the country weak and on deathbed.
thumb_up Recommended (0)
Arifa Noor Sep 08, 2023 12:29pm
@Asim Fan, When establishment is involved in all spheres overtly or covertly, why not participate in political system openly? Pakistan needs out of box solutions, can't think of a better solution than this to put an end for political instability.
thumb_up Recommended (0)
Hyder Ali Sep 08, 2023 01:48pm
HAHAHAHAHA :):):):):)
thumb_up Recommended (0)
JK Sep 08, 2023 02:38pm
Generals should focus on guarding Pakistan and not indulging in becomes head of state!
thumb_up Recommended (0)
JK Sep 08, 2023 02:42pm
When will generals work under civilian rule!
thumb_up Recommended (0)
TidBit Sep 08, 2023 04:21pm
The ARMY has officially taken over Pakistan in all spheres. There is not even a facade of it. IT is not a hybrid system. There is just military rule, with paper weight politicians in the frtong
thumb_up Recommended (0)
Nasim Sep 08, 2023 04:34pm
Only in Pakistan Army does everything except what it is supposed to do per constitution! What training generals have in finance and economics, other than managing their massive real estate holdings!
thumb_up Recommended (0)
Anonymous Sep 08, 2023 04:38pm
I will salute to army chief if he brings back all looted money and that how our economy could be revived immediately.
thumb_up Recommended (0)
Adnan Aziz Sep 09, 2023 09:30am
"Economic challenges: Army vows its full support to caretaker setup" It has to and is there an alternative? As a government department like other government departments, it is the army's responsibility to extend its support to the government of the time. Moreover, the current caretaker government would not have been place without army's 'approval'.
thumb_up Recommended (0)
Adnan Aziz Sep 09, 2023 09:43am
@Arifa Noor, I agree with you. Dismantle the entire civilian setup in the country, put them into jails for their inefficiency, turn entire Pakistan into a large Cantonement, 22 million civilian population should be recruited in the army (provided they cannot be sent into exile), all educational institutions should be turned into PMA Kakul, all housing societies turned into DHAs, and all departments headed by serving and retired army officers. Please add if I have missed any. If Army is the solution to all the problems faced by Pakistan, give them a hand freer than ever before. Let us see what happens after.
thumb_up Recommended (0)