PPP unveils 10-point welfare agenda as Pakistan gears up for national elections

Pakistan Peoples' Party (PPP) chairman Bilawal Bhutto Zardari (R) addresses a public meeting at a general elections 2024 campaign on the death anniversary of his mother and slain former Pakistan’s premier Benazir Bhutto in the Garhi Khuda Bakhsh village, Larkana on December 27, 2023. (AFP)
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Updated 27 December 2023
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PPP unveils 10-point welfare agenda as Pakistan gears up for national elections

  • Bilawal Bhutto-Zardari vows to ensure education for all, double salaries and tackle hunger if his party is voted to power
  • Pakistan’s political parties are gearing up for national elections which are scheduled to take place on February 8, 2024

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari on Wednesday unveiled a 10-point welfare agenda that he said would help address pressing issues of poverty, unemployment and inflation if his party is voted to power in the upcoming national elections.
The Pakistan Peoples Party (PPP) is recognized as one of Pakistan’s major political parties and has been elected to power consistently in the country’s southern Sindh province since 2008. The PPP, which won general elections in 2008 following former prime minister Benazir Bhutto’s assassination in a gun-and-bomb attack in 2007, has since then failed to make inroads into Pakistan’s most populous Punjab province, and as a result, form its government at the center.
Bhutto-Zardari, 35, will be leading his party once again in its bid to defeat rivals Pakistan Tehreek-e-Insaf (PTI) and the Pakistan Muslim League-Nawaz (PML-N) in its bid to win the national elections again, when polling is held on Feb.8.
“If you provide an opportunity to the Peoples Party, then there are around 10 things which I want to do,” Bhutto-Zardari told supporters gathered to pay homage to his mother, Benazir Bhutto, in southern Pakistan’s Larkana district on her 16th death anniversary.
“These 10 points will be my priority, and if we implement all these 10 points, we will be able to address issues like inflation, poverty, unemployment to some extent.”

The Bhutto scion said doubling salaries of government employees would be on top of his government’s priorities if the PPP is voted to power in the coming elections.
Bhutto-Zardari promised to provide free solar energy of up to 300 units for economically disadvantaged people, saying his government would set up green energy parks in each district of Pakistan. He said provision of education for all would also rank among his government’s top priorities.
The PPP leader vowed to provide masses with free health facilities across the country and promised to build three million houses for people affected by the 2022 floods in Sindh, as well as individuals facing economic hardships.
Bhutto-Zardari said his government would expand the scope of the Benazir Income Support Programme (BISP), a federal unconditional cash transfer poverty reduction program that the PPP introduced in 2008.
He promised that if voted to power, the PPP would introduce a ‘Youth Card’ for unemployed youngsters and launch programs to tackle hunger and food insecurity in the country.
The PPP leader took aim at his political rivals, saying his party would give a “befitting response” to its adversaries, especially in Punjab’s provincial capital of Lahore, when the masses take to the ballot box on Feb. 8.
Political activity is heating up across the country as the Election Commission of Pakistan (ECP) this week started scrutinizing thousands of nomination papers filed by candidates last week.
Returning officers will scrutinize the papers till Dec. 30 during which they would either accept or reject the nominations. The ECP will allot election symbols to candidates on Jan. 13, with polling set for Feb. 8.


Pakistani stocks hit record high on UAE investment optimism

Updated 5 min 43 sec ago
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Pakistani stocks hit record high on UAE investment optimism

  • Pakistan is in talks with the UAE to convert its $1 billion loan into equity investment
  • The KSE-100 index on Monday gained 1,495.61 points to close at 173,896.34 points

ISLAMABAD: The Pakistan Stock Exchange (PSX) on Monday closed at an all-time high of 173,896 points, traders and analysts said, attributing it to investor confidence in a prospective United Arab Emirates (UAE) investment in a Pakistani conglomerate, Fauji Foundation.

The benchmark KSE-100 index gained 1,495.61 points, or 0.87%, to close at 173,896.34, up from the previous close of 172,400.73. The index crossed 174,000 points during intra-day trading, with Pakistan's Finance Adviser Khurram Schehzad calling it a "strong start" to the week.

Ahsan Mehanti, Chief Executive Officer of Arif Habib Commodities, said the government’s deliberation on the privatization of ailing state-owned enterprises, rupee stability, and surging crude oil prices also played a catalytic role in the bullish trend.

"Stocks closed all-time high as investor eye UAE $1 billion rollover liability set to end [by] acquiring shareholding in Fauji Foundation," he told Arab News.

The development came days after Pakistan's Deputy Prime Minister Ishaq Dar said the country was seeking to convert part of its financial support from the UAE into long-term investment to reduce external debt.

Pakistan has been in talks with the UAE to convert its $1 billion loan in deposits into equity investment, potentially involving stakes in companies linked to the Fauji Fertilizer Group — a move that would eliminate Pakistan’s repayment obligation.

Since Jan 2025, the PSX has delivered more than 50% returns in US dollar terms, making it one of the best markets in Asia, with 2025 being another year of strong gains for investors, according to Schehzad.

"Investor participation is rising fast — the equity investor base has crossed 450,000, up 120,000+ investors (+37%) in 18 months," he said on X.

"These record levels reflect growing investor confidence, supported by continued macro stability, key reforms, and improving prospects for more sustainable, higher future growth."

In recent years, Pakistan has implemented stringent structural reforms under the International Monetary Fund (IMF) loan programs, aimed at reducing fiscal deficits and restoring investor confidence.

The South Asian country’s foreign exchange reserves have also risen past the $21 billion mark, according to the central bank’s latest data.