An active politician should be interim PM for dealings with int\u2019l institutions | Frustrated politicians want anarchy, bankruptcy of country: Zahid
\n Islamabad
\nChairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Tuesday that the rumours that the ruling coalition is divided on the question of the caretaker prime minister are unfounded.
\nHe said that the interim Prime Minister should be a politician with extensive experience dealing with international organisations as the country is on the brink, while a failed politician wants anarchy in Pakistan that should lead to bankruptcy.
\nMian Zahid Hussain said that the country is still in the red and the situation requires tough decisions leading to economic and political stability; therefore, an active political figure should be made caretaker prime minister.
\nTalking to the business community, the veteran business leader said that an active and energetic PM would continue difficult negotiations with the lenders, undertake reforms, and ensure work on the CPEC and the Special Investment Facilitation Council to \u201cfacilitate the promised investments\u201d from Saudi Arabia, Qatar, the UAE, and other Arab investors.
\nThe business leader said that the parties involved in the ruling alliance have shown great unity under the leadership of Prime Minister Mian Shahbaz Sharif in the last 14 months, and it is expected that the coalition parties will also consider the issue of a caretaker prime minister amicably.
\nAll the parties are trying to understand the sensitivity of the situation and will continue to cooperate with each other before and after the election, he said.
\nMian Zahid Hussain said that the head of the IMF has expressed good expectations about Pakistan, the vice president of China is visiting Pakistan, and several MoUs have been signed.
\nThe stock market is also increasing, but an unwise political group wants to see Pakistan as a failed state to fulfil its agenda.
\nHe further said that the interest rate is still 22 percent and there is a strong possibility of a further decline in the value of the rupee, which will make people more worried and businesses destroyed, so all the political forces should fight to save the economy instead of trying to get a lion\u2019s share. The standby programme of the IMF is a temporary relief, and the economy will only progress when there is political stability, so this programme should not be derailed by political conflicts.
\nThe next IMF review will be held in November, and if successful, the loan tranche will be received in December. Therefore, the caretaker government will have to work hard to ensure the success of this review, for which the presence of a dynamic political caretaker prime minister will be a prerequisite.
\nThe dire economic conditions of the country are proving to be a blessing in disguise for some people, and they are trying their best to create uncertainty and make the country default.
\nLike the present government, the caretaker government also has to stop such conspiracies and efforts to spread chaos; otherwise, the situation may deteriorate, he warned.<\/p>\n","protected":false},"excerpt":{"rendered":"
An active politician should be interim PM for dealings with int\u2019l institutions | Frustrated politicians want anarchy, bankruptcy of country: Zahid Islamabad Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Tuesday that the rumours that the ruling […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-346697","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n