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Caretaker Prime Minister Anwaar-ul-Haq Kakar expressed optimism on Monday, stating that he expects foreign investment projects worth $25 billion from Middle Eastern countries, including Saudi Arabia, to be realized within a period of two to five years. He made these remarks during an interaction with foreign media representatives in Islamabad.
Prime Minister Kakar highlighted the welcoming attitude of the people of Balochistan toward projects under the China-Pakistan Economic Corridor (CPEC), which has entered its second phase. He reiterated the government’s commitment to ensuring the safety of Chinese workers participating in CPEC projects.
Referring to the significant reserves of copper and gold worth $6 trillion in Balochistan, the prime minister mentioned that the Reko Diq project is on the verge of commencing soon. He emphasized the need for all stakeholders to collaborate and formulate a model for exploring this mineral-rich area to present Pakistan to the world from a different perspective.
Addressing the ongoing power crisis, Prime Minister Kakar assured that his government is actively exploring realistic options to provide relief to electricity consumers. He stated that informed decisions will be made to address the concerns of the public regarding electricity bills while upholding the country’s commitments to international financial institutions. He mentioned challenges such as circular debt, power theft, and taxes and expressed the government’s intention to introduce short-term solutions without disregarding the grievances of the people.
Prime Minister Kakar emphasized that the interim government’s primary focus is to facilitate the timely holding of general elections while adhering to constitutional obligations. He highlighted the importance of delimitation following the population census as stipulated by the Constitution.
Regarding economic reforms, he discussed the government’s economic reform agenda, including the privatization of two or more power distribution companies. He emphasized the need for reforms in the taxation and power sectors and expressed the government’s intention to lay the groundwork for mid-level reforms. Prime Minister Kakar stated that the government is pursuing a policy of addressing achievable goals and providing strategic direction to economic planning. He assured that all registered political parties would have an equal opportunity to participate in the general elections without discrimination.
In reference to terror attacks by the Tehrik-i-Taliban Pakistan (TTP), the prime minister drew attention to leftover military equipment in Afghanistan from the US and allied forces, which he viewed as a threat to peace. He stressed the need for a coordinated approach to deal with this challenge.
