ISLAMABAD: Former federal finance minister Asad Umar expressed deep concerns over the current political and economic situation in Pakistan, urging all political parties to unite and find a way forward to resolve the ongoing political crisis.
Speaking to the media on Monday, Umar emphasized that the country is caught in a dangerous political quagmire, and only a united effort could lead to a solution.
Umar criticized the government’s handling of the national budget, describing it as reflective of a divided Pakistan. He pointed out the disparity in tax contributions, with salaried individuals paying over Rs1,500 billion, while the trader class contributed only Rs100 million. He expressed discontent with the government’s failure to address this imbalance and called it a manifestation of poor economic management.
He also condemned the proposed Rs90 per liter tax on petroleum products and the new carbon levy, accusing the government of using deceptive measures to make the budget deficit appear smaller. Umar explained that these actions were essentially taking Rs1,450 billion from the public and depositing it in banks, which he referred to as a betrayal of the people.
Umar also responded to the PML-N’s claims of sacrificing politics to save the state, calling it unfounded, as he believed that the state was already strong. He suggested that the PML-N needs to reassess and reform its political strategy to address the country’s pressing issues effectively.
Referring to Pakistan’s economic performance under the PTI government, Umar reminded the public that 5.4 million jobs were created during their first three years in office. He highlighted the strong economic growth during that period, contrasting it with the current challenges.
On regional security, Umar expressed concern over India’s aggressive stance in the region, particularly in the context of ongoing tensions. He commended Pakistan’s armed forces for their strong responses to Indian provocations, ensuring national security.
Umar also condemned Israel’s recent attacks on Iran, expressing solidarity with the country and emphasizing that the Muslim Ummah stands united with Iran in its time of crisis.
In his concluding remarks, Asad Umar urged Prime Minister Shehbaz Sharif to set aside personal and political interests and take practical steps to guide the country out of its political impasse. He called for a collaborative approach, stressing that only through unity can Pakistan hope to address its political, economic, and security challenges effectively.
