Islamabad, July 27, 2023 (PPI-OT): Former President of the Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt said on Thursday that the business community supports the decision to give more powers to the caretaker government as it is the need of the hour. An interim setup is appointed to run day-to-day administrative affairs and not to make important decisions, but at this time the country's economic situation is critical and the threat of a default is looming, so giving them additional powers was necessary for the economic interests of the country, he said.
Shahid Rashid Butt said in a statement issued here today that in the presence of powerless caretaker government, several agreements and projects, including the agreement made with the IMF would have been exposed to risks, and the opportunity to hold negotiations with the creditors would have been lost, which would have affected the people, traders, and industrialists. To save the economy from destabilisation, the government has taken the right decision by amending the election laws in line with the economic situation of the country, which is laudable, he said.
The business leader said that now the interim setup will be able to hold negotiations with the IMF, other international creditors and take care of big projects. He said that now all eyes will be on the interim setup, which will be entrusted to hold elections within a few months and hand over power to the elected government, as a stable political government will be able to save the country from default.
Shahid Rashid Butt said that the country has been saved from default, but the economy is still in shambles and should be revived as soon as possible. He said that if a person belonging to a political party is made caretaker prime minister, it will raise questions about the election process, while the opposition will also get an opportunity to protest, so a non-political person should be appointed as a caretaker prime minister.
For more information, contact:
Dr. Shahid Rasheed Butt
Consul General Ghana
Former President ICCI
Former Patron ICST
Tel: +92-333-5132199, +92-51-2822571