NAB is no more a major hurdle for business community – PM Khan

Prime Minister Imran Khan attends Pakistan Stock Exchange (PSX) Top 25 Companies Awards in Karachi on Dec. 27, 2019. (PID photo)
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Updated 27 December 2019
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NAB is no more a major hurdle for business community – PM Khan

  • Anti-corruption body’s regulation was amended by the government
  • 2020 will be a year of growth for Pakistan, says PM Khan

KARACHI: Prime Minister Imran Khan assured the Pakistani business community at a Pakistan Stock Exchange (PSX) event in Karachi on Friday that the country’s antigraft body will not endanger their operations, as the government has amended its regulation.

Speaking at the PSX Top 25 Companies Awards ceremony, the Prime Minister said his cabinet wants the National Accountability Bureau (NAB) to investigate public office holders only.

PM Khan said that members of the business community had always expressed their fear of NAB, as the anti-corruption agency has been seen as free to probe anyone it wants to probe. “It was important to take this step as NAB was considered a major hurdle,” the premier said.

He said 2019 was a difficult year for his government, but “2020 will be a year of growth for Pakistan,” and “need of the hour is to give incentives to industries, support the business community, and focus on small and medium-sized businesses.”

The PM assured members of the business community that his government’s economic team will always be available to assist them and that he himself will also continue to meet with them every two months.

“When we took over,” the premier said, “the current account was in deficit, foreign exchange reserves were depleting, dollars were short, there were debts to be repaid, and a serious risk of the country defaulting. Those who understand this know what would have happened.”

Recognizing that the country’s interest rate is too high, Khan told the PSX event participants that God willing it will go down. “The rupee is also stabilizing and investors are reposing their confidence,” he said, adding that “a country cannot grow until there is wealth creation” and “wealth creation is only possible when the business community prospers. The government’s task is to facilitate the business community with ease of doing business.”
 


Sindh assembly passes resolution rejecting move to separate Karachi

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Sindh assembly passes resolution rejecting move to separate Karachi

  • Chief Minister Shah cites constitutional safeguards against altering provincial boundaries
  • Calls to separate Karachi intensified amid governance concerns after a mall fire last month

ISLAMABAD: The provincial assembly of Pakistan’s southern Sindh province on Saturday passed a resolution rejecting any move to separate Karachi, declaring its territorial integrity “non-negotiable” amid political calls to carve the city out as a separate administrative unit.

The resolution comes after fresh demands by the Muttahida Qaumi Movement (MQM) and other voices to grant Karachi provincial or federal status following governance challenges highlighted by the deadly Gul Plaza fire earlier this year that killed 80 people.

Karachi, Pakistan’s largest and most densely populated city, is the country’s main commercial hub and contributes a significant share to the national economy.

Chief Minister Syed Murad Ali Shah tabled the resolution in the assembly, condemning what he described as “divisive statements” about breaking up Sindh or detaching Karachi.

“The province that played a foundational role in the creation of Pakistan cannot allow the fragmentation of its own historic homeland,” Shah told lawmakers, adding that any attempt to divide Sindh or separate Karachi was contrary to the constitution and democratic norms.

Citing Article 239 of Pakistan’s 1973 Constitution, which requires the consent of not less than two-thirds of a provincial assembly to alter provincial boundaries, Shah said any such move could not proceed without the assembly’s approval.

“If any such move is attempted, it is this Assembly — by a two-thirds majority — that will decide,” he said.

The resolution reaffirmed that Karachi would “forever remain” an integral part of Sindh and directed the provincial government to forward the motion to the president, prime minister and parliamentary leadership for record.

Shah said the resolution was not aimed at anyone but referred to the shifting stance of MQM in the debate while warning that opposing the resolution would amount to supporting the division of Sindh.

The party has been a major political force in Karachi with a significant vote bank in the city and has frequently criticized Shah’s provincial administration over its governance of Pakistan’s largest metropolis.

Taha Ahmed Khan, a senior MQM leader, acknowledged that his party had “presented its demand openly on television channels with clear and logical arguments” to separate Karachi from Sindh.

“It is a purely constitutional debate,” he told Arab News by phone. “We are aware that the Pakistan Peoples Party, which rules the province, holds a two-thirds majority and that a new province cannot be created at this stage. But that does not mean new provinces can never be formed.”

Calls to alter Karachi’s status have periodically surfaced amid longstanding complaints over governance, infrastructure and administrative control in the megacity, though no formal proposal to redraw provincial boundaries has been introduced at the federal level.