The proposal comes as part of a strategic plan to ensure continuity in economic policies and expedite foreign investment initiatives in the country, raising significant interest in the nation's political landscape.
As the term of Pakistan's current National Assembly comes to an end next month, the ruling Pakistan Muslim League-Nawaz (PML-N) party is contemplating the name of Finance Minister Ishaq Dar for the position of caretaker prime minister. The move is seen as part of a broader plan to ensure the seamless implementation of economic policies and attract foreign investment in state-owned entities amidst the country's cash-strapped economic situation.
Prime Minister Shehbaz Sharif has indicated that the government's term will conclude on August 14, and speculations arise that the National Assembly may dissolve on August 8, a few days before its official expiry. The proposed amendment to the Elections Act 2017 seeks to empower the upcoming caretaker government to make economic decisions beyond its constitutional mandate, aiming to revive the economy and maintain continuity in the recently launched economic plan, as PTI reported.
The Pakistan Muslim League-N (PML-N) intends to propose Ishaq Dar, aged 73, as the caretaker prime minister, with the objective of ensuring that Pakistan's economy remains on track, particularly with the International Monetary Fund (IMF) program review scheduled for November. The caretaker government, which will govern the country until a new government is formed after the general elections, is expected to have more authority to tackle the economic challenges faced by the nation, according to PTI.
Amendments to Section 230 of the Elections Act 2017 are under consideration to allow the caretaker government to take necessary economic decisions. Presently, the caretaker government is restricted to handling day-to-day matters, but the proposed changes would empower it to address urgent economic issues and sign essential agreements to stimulate economic revival.
However, the final decision on Ishaq Dar's candidature as caretaker prime minister will be taken in consultation with the Pakistan Peoples Party (PPP), one of the main coalition partners. While some believe Dar's appointment will ensure the continuation of the current economic team and policies, others express concerns about his political affiliation.
The name of Hafeez Shaikh, former finance minister, is also being considered for the position of caretaker prime minister, further adding to the intrigue surrounding this crucial decision.