Caretaker govt unveils its approach to economy

Updated 27 Aug, 2023

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Saturday said that the interim government would focus more on rationalising the expenditures, generations of revenue, and development of human resources during its short constitutional period.

Talking to a delegation of students from Harvard University, US, the prime minister said that in Pakistan, about 9 percent population was contributing towards GDP with their taxes.

How to bring the undocumented economy, people in the tax net and how to invest in the human resources would be broadly focused during the short period of the caretaker government, he added.

The state of the economy

The prime minister said Pakistan was gifted with the natural resources and was a country of talented people.

He said the government was focusing to produce the high-tech educated and skilled human resource and cited a couplet of Allama Iqbal in which he had hinted the importance of human resource through individual and collective efforts.

“Pakistani Diaspora in the US is a success story itself,” he said, adding the Americans knew the Pakistanis who were contributing in their society.

Responding to a question, he said Pakistan had been the biggest victim of climate disaster which was a global issue. The climate change had become an existential threat, he added.

He opined that the world viewed the US as a big power but at the same time, expected it to turn itself into a green power.

PM Kakar said that Pakistan wanted a long-term partnership with America. He held that we had a positive and constructive relationship with the US. “It is not necessary to agree on every issue with the US. There is agreement and disagreement between the countries on various issues. We want a long-term partnership with the United States. Pakistan has fought a long war with the US. We have played an important role in establishing global peace while closely cooperating with America,” the premier maintained.

The caretaker prime minister said that a big superpower Russian remained in our neighbour. The Western Allies under the leadership of America always stationed in our neighbour. Pakistan worked closely with America to establish global peace, he added. Appreciating the progress achieved by the American society, he said the diversification in the US society was an example for other countries to follow, adding their society was tolerant and what the US had produced in the domains of knowledge and skills was amazing.

The caretaker prime minister said the other countries ought to learn from it for their own benefits.

Replying to a query, the prime minister elaborated the role played by Pakistan during the former USSR and Afghanistan war and the subsequent events in the region. He said Pakistan had contributed hugely towards the global peace and economy. They had faced a lot of challenges in the past as the two powers of the world, the US and Russia, had been in its milieu which had implications, he added.

PM Kakar, explaining a viewpoint, said that priorities by different governments in Pakistan kept on changing, but they did have visions and tried to visualize those visions. He also deliberated upon the history and creation of Pakistan.

The prime minister, to another question, said that democracy gave strength to parliament and mentioned that in Pakistan, in the last fifteen years, three successive democratic governments had completed their tenures.

“Democracy is a process. We are committed to the performance and participatory process of democracy,” he said. The prime minister also underscored the importance of continuation of the social order and the maintenance of rule of law.

He said that Pakistan had been positively engaged with the US on different issues, adding there were also conversion and diversion between the both countries on various global issues.

He said that he does not understand why the IMF is being presented as an enemy, stressing that the biggest problem in Pakistan on the contrary is an imbalance between its resources and expenditures.

PM Kakar also emphasized on close cooperation between the two countries to deal with the climate challenges.-Agencies

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