Ishaq Dar, either he is a finance minister or a foreign minister, has the potential to start a flurry of activities, wherever he is. Regardless of his portfolio, Ishaq Dar has ideas which can change the landscape altogether.
In the recently announced cabinet, contrary to our expectations, he was designated the foreign minister, and not finance minister. A friend joked that Ishaq Dar would initiate economic diplomacy. In the ensuing days, we have seen the results and there’s reason to be optimistic! After a period of political uncertainty, the democratic process is back on track, and the international community is taking notice.
For this Side Mirror, here is my analysis of good news and the challenges that lie ahead.
First thing first: US recognizes Pakistan’s democratic progress. US Assistant Secretary of State Donald Lu recently acknowledged Pakistan as a crucial partner. He commended our efforts to strengthen democratic institutions, a vital step for a stable and prosperous nation. This newfound cooperation extends to combating threats like Al-Qaeda and Daesh, while promoting religious freedom and human rights – all areas where collaboration is essential. Behind this less-celebrated development stands Ishaq Dar’s diplomacy.
This is not a secrete that Pakistan’s recent elections faced attempts to create controversy, especially through social media misinformation. Thankfully, international election observers were present to ensure transparency. Though initial concerns were raised, including the temporary internet shutdown, Pakistan addressed them effectively. The UN and other international bodies acknowledged these explanations, leading to renewed confidence in our democratic process.
Prime Minister Shehbaz Sharif understands the importance of clear communication. He plans to increase the number of official spokespersons to counter false propaganda and present accurate information. Additionally, government parties have a vital role to play in dispelling these narratives and promoting facts.
Ishaq Dar has put focus on Gulf countries to improve the economy, and in this regard, the recent meeting between Prime Minister Sharif and the Kuwaiti Ambassador signifies a renewed focus on trade and investment. This collaboration will undoubtedly bolster our economic ties with Kuwait.
Ishaq Dar plans to bring foreign investment in Pakistan in the coming months.
Foreign investors demand internal stability and political power. The successful elections pave the way for political stability, a prerequisite for a thriving economy. The judiciary, with Chief Justice Qazi Faez Isa’s endorsement of the elections, and the army’s commitment to transparency, have all played crucial roles in this positive development. This newfound unity between the military and the elected government bodes well for the future.
The government only needs to address the concerns of the opposition regarding elections. Hopefully, the institutions concerned would keep their duties paramount.
Also, Prime Minister Sharif’s decision to prioritise domestic issues by sending Finance Minister Ishaq Dar to the Brussels Nuclear Energy Summit demonstrates his commitment to tackling economic challenges. The successful negotiations with the IMF offer a glimmer of hope for economic improvement.
General Asim Munir’s visit to Saudi Arabia highlights the importance of regional security and bilateral defense ties. Economic issues were likely on the agenda as well. Meanwhile, meetings with US and Chinese ambassadors indicate a commitment to bolstering economic cooperation. The US assured support for the IMF program, while China expressed confidence in further strengthening economic relations.
The government faced external attempts to disrupt its economic and political stability, including pressure to halt IMF negotiations and revoke GSP Plus status. However, the international community’s growing recognition of Pakistan’s democratic progress is a welcome sign.
With the support of our friends in Saudi Arabia, China, UAE, and Qatar, we can overcome these challenges and build a self-reliant economy.
I wrote this piece after watching Pakistan Day parade. I wrote this column under patriotic vibes. I would just say that we should stay united and committed to democratic values. Brighter days are ahead – a future built on strong institutions, international partnerships, and a thriving economy.
