National security hinges on economic sovereignty, says NSC
ISLAMABAD:As a sense of inaction prevails amid the economic uncertainty, the National Security Committee (NSC), the country’s top defense and foreign policy body, agreed on Monday that the country’s security depends on economic independence.”The conference emphasized that ‘national security’ is generally about economic security and that sovereignty or dignity is challenged without independence and economic independence,” read a statement released by the Prime Minister’s Office after the 40th meeting. of NSC.
Prime Minister Sharif chaired the important meeting where the attendees included the relevant members of the government cabinet, the chairman of the Joint Chiefs of Staff, all service chiefs and intelligence officers. Significantly, this was the second meeting of the NSC in less than a week.The NSC, which met in the midst of the proliferation of terrorist insurgency, mainly needed to come up with a new strategy or change the existing one to deal with the new security challenge. However, the fact that this conference discussed the state of the country’s economy, which it does not usually do, shows that the growing frustration in the economy, caused by political instability, is it has begun to overwhelm the existing forces.
Official sources said that the economic situation has reached a point where it has a direct impact on the country’s national security and therefore the NSC discussed it.The conference took a comprehensive view of the current economic situation based on the problems faced by the common people of Pakistan, especially the lower and middle classes, according to the statement.
Finance Minister launched the government’s economic stability map participants, including the status of negotiations with international financial institutions, to explore alternative financing options based on mutual interest as well as relief measures for the common man.
The Provincial Apex Committees are being revived in full earnest
The delay in the 9th review of the International Monetary Fund’s $7 billion program for the Fund’s expanded assistance to Pakistan has fueled economic concerns by fueling persistent fears. Global Credit will release the next $1.18 billion after the ninth review is completed.Although the government says it has fixed $32 billion in foreign loans this fiscal year, these plans will not work without the IMF’s insistence.
Because of the IMF problem, the government wants everyone on the board to make tough decisions, sources said. Without the support of all stakeholders, it can be difficult for a troubled government to make difficult decisions.The NSC agreed to take concrete steps to boost the economy, including balancing imports and curbing illegal exports and trade. Particular emphasis will be placed on improving agricultural productivity and the manufacturing sector to ensure food security, imports and employment.
The meeting decided that people-centered economic policies that have a positive impact on the people will remain a priority. It was also agreed to include all stakeholders for efficiency and economic speed and agreement on the implementation of the, according to the statement.
