Happy with caretakers, but big business wants them to go home

It is noteworthy that the entire business community in Pakistan currently refrains from endorsing the idea of extending the caretakers’ tenure despite its recognition of the improved economic governance under Prime Minister Anwaarul Haq Kakar. The business community unanimously advocates for timely elections and a peaceful transfer of power to the next democratically elected government, emphasising the importance of stability and progress. The current government’s measures to curb smuggling, control power theft and line losses, and enhance confidence levels among investors and consumers have received commendation from various private-sector forums. The relative stability in the currency market, an upswing in the capital market and sustained financial inflows from donors and a few overseas investors have interrupted the cycle of negative economic news. Although concerns persist regarding high taxes, utility rates and credit issues, the economic horizon appears less bleak than before.