Deputy Prime Minister Ishaq Dar emphasised the need for continuity in policies, saying that economic direction should not shift with political change.
Speaking at a dinner held in honour of the business community, Dar said that he understands the complexities of Pakistan’s business environment and its connection to political instability, affirming that Pakistan is the only state after the State of Madinah to be founded on the basis of the Kalma. Dar reflected on his extensive experience in holding high public office and observing the country’s affairs closely.
Congratulating the nation on Independence Day, the deputy prime minister remarked on past economic challenges, attributing setbacks to political interference. He said: "While a significant reduction in interest rates had been achieved in 2016, a politically motivated episode in 2017 severely harmed the economy." Dar said that the events of the following four years are now evident to all.
Dar added that Pakistan had successfully avoided default, and that the policy rate was being adjusted accordingly. He criticised the spread of misinformation, adding that the prominent members of the business community were discouraged by false reports. "They were considering leaving the country," he said, "but we urged them not to pay attention to rumours."
He acknowledged that two years ago, there were concerns that Pakistan had become diplomatically isolated. “At that time, no one would meet or invite us,” he said, “but the world can now see how circumstances have changed.”
The deputy prime minister also criticised the policy of opening borders with Afghanistan “over a cup of tea”, allowing the Taliban entry under the pretext of brotherhood. He has said that this decision reversed the progress made through an expenditure of Rs100billion in the war against terrorism. Dar has expressed determination to eliminate terrorism from Pakistan.
He recalled Pakistan’s principled stance on the attack against Iran, saying the country spoke openly against it. “The world was surprised,” he added, “and said the United States may be displeased. But we believe friendship does not mean endorsing what is wrong.” He added that this approach led to appreciation from the Iranian Parliament.
Speaking about the Pahalgam attack, Dar said, “We offered full transparency and engaged with international investigative bodies. Perhaps India believed itself the regional hegemon, but the Higher Power humbled their pride, and our armed forces gave a firm response,” he said.
The deputy prime minister said that Pakistan would one day become the fortress of Islam, as envisioned by Quaid-e-Azam. “We must elevate the country to the position foreseen by our founding leader,” he added.
