A flurry of activity marked Anwarul Haq Kakar’s first day in the prime minister’s office with the state of the economy seemingly the top priority for the country’s eighth caretaker prime minister.
The first day of the caretaker setup was marked by multiple shifts in the interbank rate of the rupee as well as a massive petrol price hike which jumped by Rs 17 per liter. As far as posturing and statements are concerned the signs from Mr Kakar seem to be positive. The PM took a briefing on the implementation of the $3 billion Stand-by Arrangement in his maiden meeting on the economy and vowed to complete the programme and keep Pakistan’s economy on track.
The task that faces the new prime minister is gargantuan. On the one hand he has the solemn constitutional duty of ensuring free, fair, and timely elections. This is the most important marker of his tenure and he already faces an uphill battle on this front because of the twilight hour announcement from the previous government that polls would be held according to the recent census.
Already Mr Kakar has been given a 90 day mandate because Prime Minister Shehbaz Sharif dissolved the national assembly early. It is unlikely that delimitations will be completed in this time frame and he will likely have a longer tenure than any caretaker prime minister in Pakistan’s history. And while elections should be the only thing that any caretaker should very well be remembered for, all eyes will be on how he manages the economy.
The caretaker setup has come in at a time when Pakistan’s economy is facing a crisis that could be the worst in the country’s history. It must also be remembered that on the 30th of June last year Pakistan failed to complete the last IMF programme it had entered and it seemed the country had no choice but to default on its external debts. However, prime minister Shehbaz Sharif managed to achieve a stop-gap accord with the fund. The current deal Pakistan is surviving under is a $3 billion stand-by agreement that will last for a period of nine months and is higher than expected for Pakistan. Only the first tranche of this facility has been extended to Pakistan as of now.
This stand-by-agreement ensured that whatever caretaker setup came in would not have to go beyond its constitutional limits and negotiate a programme with the fund. However, it also means that Mr Kakar must now ensure that the IMF’s conditions are met. The early signs are good. Prices of petrol have been raised and the gap between the interbank and open market rate of the dollar is quickly closing as per the IMF’s requirements.
However, the prime minister would do well to remember that he is going to be in power for at least three of the nine months that this stop-gap agreement is in place to get the $3 billion from the IMF. The entire point of this shorter agreement was to allow caretakers to come in, conduct elections, and allow the new government to negotiate a new agreement. But if Pakistan is to be in this necessary position whenever a new government comes in, Kakar must remain committed to the course and not get creative.
With the support of the political old guard and the establishment, the caretaker PM has claimed the continuity of the economic policies would be maintained and bring more economic improvements. He added that public welfare projects will continue. He further stated that increasing foreign investment in the country under the SIFC is among the priorities of the caretaker government.
While these are not ideal circumstances, this is exactly the role he has been picked for. Staying the course is more important than anything else at the moment.
Have you lost your hard earned money to:1.Binary option scam?? 2. Forex trading? 3.Romance scam and any other kind of online investment? I have a good news for you. Contact; FUNDRESTORER @gmail[]com I had doubts it was possible to recover the funds I lost to binary options. However, big thanks to Fundrestorer now for helping me recover a huge sum back and still working on full recovery for me. They are nothing but the best. You should contact them..!!!!!!!!!!’
Exceptional service…:
Fundrestorer is the best asset recovery expert!!!
Hocus Pocus blankets conjure a tapestry of enchantment, seamlessly blending cozy comfort with the whimsical allure of the beloved film. This exploration delves into the captivating world of Hocus Pocus blankets, celebrating their ability to infuse warmth with the magical nostalgia of the iconic movie.
Affiliates must disclose their relationship with brands to maintain transparency and build trust with audiences.
The use of ChatGPT is diverse and expansive, offering a wide range of applications across various fields.
By streamlining information acquisition and task completion, the plugin saves users valuable time in their daily interactions.
Yes i am totally agreed with this article and i just want say that this article is very nice and very informative article.I will make sure to be reading your blog more. You made a good point but I can’t help but wonder, what about the other side? !!!!!!THANKS!!!!!!
Thanks for sharing nice information with us. i like your post and all you share with us is uptodate and quite informative, i would like to bookmark the page so i can come here again to read you, as you have done a wonderful job.
nice bLog! its interesting. thank you for sharing….
this is really nice to read..informative post is very good to read..thanks a lot!
What a fantabulous post this has been. Never seen this kind of useful post. I am grateful to you and expect more number of posts like these. Thank you very much.
Great! It sounds good. Thanks for sharing..
thanks this is good blog.
Please share more like that.
I am hoping the same best effort from you in the future as well. In fact your creative writing skills has inspired me.
This is a great inspiring article.I am pretty much pleased with your good work.You put really very helpful information…
Thanks For sharing this Superb article.I use this Article to show my assignment in college.it is useful For me Great Work.
Love to read it,Waiting For More new Update and I Already Read your Recent Post its Great Thanks.
Nice Informative Blog having nice sharing..
very interesting keep posting.
Most of the time I don’t make comments on websites, but I’d like to say that this article really forced me to do so. Really nice post!
Wow what a Great Information about World Day its very nice informative post. thanks for the post.
I really appreciate the kind of topics you post here. Thanks for sharing us a great information that is actually helpful. Good day!
Interesting topic for a blog. I have been searching the Internet for fun and came upon your website. Fabulous post. Thanks a ton for sharing your knowledge! It is great to see that some people still put in an effort into managing their websites. I’ll be sure to check back again real soon.
I am hoping the same best effort from you in the future as well. In fact your creative writing skills has inspired me.
This is very educational content and written well for a change. It’s nice to see that some people still understand how to write a quality post!
Thank you again for all the knowledge you distribute,Good post. I was very interested in the article, it’s quite inspiring I should admit. I like visiting you site since I always come across interesting articles like this one.Great Job, I greatly appreciate that.Do Keep sharing! Regards,
Thank you again for all the knowledge you distribute,Good post. I was very interested in the article, it’s quite inspiring I should admit. I like visiting you site since I always come across interesting articles like this one.Great Job, I greatly appreciate that.Do Keep sharing! Regards,
Great post I would like to thank you for the efforts you have made in writing this interesting and knowledgeable article.
Please share more like that.
Most of the time I don’t make comments on websites, but I’d like to say that this article really forced me to do so. Really nice post!
It was wondering if I could use this write-up on my other website, I will link it back to your website though.Great Thanks.
This is very educational content and written well for a change. It’s nice to see that some people still understand how to write a quality post!
Your blog provided us with valuable information to work with. Each & every tips of your post are awesome. Thanks a lot for sharing. Keep blogging,
Please share more like that.
Thanks For sharing this Superb article.I use this Article to show my assignment in college.it is useful For me Great Work.
This is my first time i visit here. I found so many interesting stuff in your blog especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here! keep up the good work
Love to read it,Waiting For More new Update and I Already Read your Recent Post its Great Thanks.
i read a lot of stuff and i found that the way of writing to clearifing that exactly want to say was very good so i am impressed and ilike to come again in future..
AZCB top Real Estate company in Abu Dhabi, UAE. Buy and Rent villas, apartments, offices best prices with Al Zaeem Commercial Brokers
This is very educational content and written well for a change. It’s nice to see that some people still understand how to write a quality post!
I am hoping the same best effort from you in the future as well. In fact your creative writing skills has inspired me.
Thanks for sharing nice information with us. i like your post and all you share with us is uptodate and quite informative, i would like to bookmark the page so i can come here again to read you, as you have done a wonderful job.
thanks this is good blog.
thanks for this usefull article, waiting for this article like this again.
Yes i am totally agreed with this article and i just want say that this article is very nice and very informative article.I will make sure to be reading your blog more. You made a good point but I can’t help but wonder, what about the other side? !!!!!!THANKS!!!!!!
This is my first time i visit here. I found so many interesting stuff in your blog especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here! keep up the good work
Most of the time I don’t make comments on websites, but I’d like to say that this article really forced me to do so. Really nice post!
Thanks for sharing the info, keep up the good work going…. I really enjoyed exploring your site. good resource…
This is such a great resource that you are providing and you give it away for free. I love seeing websites that understand the value of providing a quality resource for free. It is the old what goes around comes around routine.
Thanks For sharing this Superb article.I use this Article to show my assignment in college.it is useful For me Great Work.
Thanks for sharing nice information with us. i like your post and all you share with us is uptodate and quite informative, i would like to bookmark the page so i can come here again to read you, as you have done a wonderful job.
Thanks for the post and great tips..even I also think that hard work is the most important aspect of getting success..
thanks for this usefull article, waiting for this article like this again.
I am hoping the same best effort from you in the future as well. In fact your creative writing skills has inspired me.
i read a lot of stuff and i found that the way of writing to clearifing that exactly want to say was very good so i am impressed and ilike to come again in future..
New web site is looking good. Thanks for the great effort.
I am hoping the same best effort from you in the future as well. In fact your creative writing skills has inspired me.
Your website is really cool and this is a great inspiring article. Thank you so much.
Thanks for the post and great tips..even I also think that hard work is the most important aspect of getting success..
Yes i am totally agreed with this article and i just want say that this article is very nice and very informative article.I will make sure to be reading your blog more. You made a good point but I can’t help but wonder, what about the other side? !!!!!!THANKS!!!!!!
Most of the time I don’t make comments on websites, but I’d like to say that this article really forced me to do so. Really nice post!
I am hoping the same best effort from you in the future as well. In fact your creative writing skills has inspired me.
New web site is looking good. Thanks for the great effort.
thanks this is good blog.
Thank you again for all the knowledge you distribute,Good post. I was very interested in the article, it’s quite inspiring I should admit. I like visiting you site since I always come across interesting articles like this one.Great Job, I greatly appreciate that.Do Keep sharing! Regards,
Thanks for sharing nice information with us. i like your post and all you share with us is uptodate and quite informative, i would like to bookmark the page so i can come here again to read you, as you have done a wonderful job.
thanks this is good blog.
thanks this is good blog.
Thank you again for all the knowledge you distribute,Good post. I was very interested in the article, it’s quite inspiring I should admit. I like visiting you site since I always come across interesting articles like this one.Great Job, I greatly appreciate that.Do Keep sharing! Regards,
I am hoping the same best effort from you in the future as well. In fact your creative writing skills has inspired me.
I am hoping the same best effort from you in the future as well. In fact your creative writing skills has inspired me.
Most of the time I don’t make comments on websites, but I’d like to say that this article really forced me to do so. Really nice post!
This is my first time i visit here. I found so many interesting stuff in your blog especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here! keep up the good work
Asbola merupakan situs yang berfokus untuk penyediaan pasaran taruhan bola untuk Masyarakat Indonesia
Your website is really cool and this is a great inspiring article. Thank you so much.
very interesting keep posting.
i love reading this article so beautiful!!great job!
Great! It sounds good. Thanks for sharing..
Love to read it,Waiting For More new Update and I Already Read your Recent Post its Great Thanks.
Thanks for sharing the info, keep up the good work going…. I really enjoyed exploring your site. good resource…
Great! It sounds good. Thanks for sharing..
Great post I would like to thank you for the efforts you have made in writing this interesting and knowledgeable article.
Great! It sounds good. Thanks for sharing..
very interesting keep posting.
Wow what a Great Information about World Day its very nice informative post. thanks for the post.
Most of the time I don’t make comments on websites, but I’d like to say that this article really forced me to do so. Really nice post!
i love reading this article so beautiful!!great job!
Thanks for your information, it was really very helpfull..
Great! It sounds good. Thanks for sharing..
Thanks for your information, it was really very helpfull..
I can see that you are an expert at your field! I am launching a website soon, and your information will be very useful for me.. Thanks for all your help and wishing you all the success in your business.
i love reading this article so beautiful!!great job!
Love to read it,Waiting For More new Update and I Already Read your Recent Post its Great Thanks.
This is such a great resource that you are providing and you give it away for free. I love seeing websites that understand the value of providing a quality resource for free. It is the old what goes around comes around routine.
Thanks For sharing this Superb article.I use this Article to show my assignment in college.it is useful For me Great Work.