Ishaq Dar, who is set to assume office as the nation’s next finance minister on Wednesday (today), has a big job on his hands: to boost the economy in order to turn things around for the government and open the door for Nawaz Sharif’s comeback, according to insiders.
According to a reliable source, Dar would assist in clearing the way for the leader of the Pakistan Muslim League Nawaz (PML-N) to return to Pakistan from London by reviving the economy and aiming to immediately relieve the populace from a storm of inflation.
According to the source, who talked to The Express Tribune on Tuesday under the condition of anonymity, PML-N Quaid would return to the nation after the party had anything to offer the people about its performance.
According to the source, “his [Nawaz’s] return will not provide any stimulus to the party workers and the voters with the kind of inflation and price hike, currently prevailing in the country.” His return could backfire if the economy is not immediately fixed.
According to the sources, Dar’s objective was to reduce the value of the dollar relative to the rupee, ideally to around Rs 190, so that the government could lower the cost of fuel and ultimately the cost of basic goods.
The sources claimed that with Dar in charge of the country’s economy, additional steps will be taken to reduce inflation, including tighter market regulation and creating a favourable climate for businesses to increase their export portfolios.
The source added that conversations had been made with all the parties in the ruling coalition in this regard and that Dar had been granted complete power to make choices to strengthen the economy.
The insider stated, “Mian Nawaz Sharif will make his return once all this is accomplished and provided immediate relief is secured. In order to take advantage of the circumstances and aid the party in regaining the swing voters it has lost to PTI (Pakistan Tehreek-e-Insaf), Mian Nawaz Sharif would run again as a victor.
The sources commended Miftah Ismail, the previous finance minister, who “took one for the team” by making tough choices to keep the nation from going into default. Dar had returned, they said, “just as Ismail’s terrible choices are coming to reality.”
“Miftah had his own flaws, but he still did a good job. Ishaq Dar, on the other hand, is a skilled hand with plenty of experience who will make courageous judgments knowing that he has the power to do so.
