As Pakistan braces for a transition of power following recent elections, former Prime Minister Nawaz Sharif, now the supreme leader of the Pakistan Muslim League-Nawaz (PML-N), has outlined a clear priority for the incoming administration: tackling the country’s economic challenges head-on.
In a press statement made on Wednesday, Sharif emphasized that addressing Pakistan’s ailing economy would be the foremost task for the new government. With Pakistan having narrowly avoided default thanks to assistance from international donors and friendly nations, the economic outlook remains clouded, requiring urgent attention.
“The government will try to fix the economy which would in turn fix everything,” stated Sharif, underscoring the interconnectedness of economic stability with other national issues. He further reiterated his party’s commitment to seeing each National Assembly, Senate, and Prime Minister complete their constitutional terms—a feat rarely achieved in Pakistan’s history marked by political turbulence and military interventions.
The nomination of Sharif’s younger brother, Shehbaz Sharif, as the prime ministerial candidate for a coalition government signals a strategic move towards continuity within the PML-N. Nawaz Sharif’s return to the Parliament House for the first time since the February 8 elections was met with a warm reception from party members, including Shehbaz Sharif.
Amidst preparations for the National Assembly’s inaugural session, scheduled for the following day, the PML-N convened a parliamentary meeting chaired by Nawaz Sharif to discuss the party’s strategy moving forward.
Pakistan’s economic woes have been a persistent concern, characterized by inflationary pressures and financial instability, posing significant challenges for the populace. Despite short-term relief from international aid, the need for sustained economic reforms remains imperative, with discussions of another IMF program on the horizon.
The incoming government’s ability to address these economic issues effectively will be closely watched, as Pakistan navigates through a critical juncture in its socio-political landscape. With the promise of renewed focus on economic revitalization, there is cautious optimism that tangible progress can be achieved, bringing relief to millions grappling with financial hardship.
Sources By Agencies
