Fazlur Rehman could become PM for 1-1.5 years: Miftah Ismail

Former finance minister and leader of the Awaam Pakistan Party Miftah Ismail has claimed that Maulana Fazlur Rehman could serve as Prime Minister of Pakistan for a year and a half.

Speaking on Express News’ programme 'Center Stage', he stated that while discussions are ongoing, it is a positive development that negotiations are taking place, as they help avoid protests and violence. He highlighted that negotiations should continue.

Ismail proposed that the only solution to Pakistan's political issues is holding elections and seeking the public’s opinion through their votes.

He further remarked that few politicians in Pakistan hold the stature of Rehman, suggesting that the Jamiat Ulema-e-Islam (JUI-F) leader could serve as PM for a year and a half.

On economic matters, Ismail criticised the government's stance on privatisation, claiming that Pakistan International Airlines (PIA) could have been privatised, but the government lacked the intention to do so.

He further attributed the recent upward trend in the stock market to a reduction in interest rates, stressing that the market would continue to rise independently, with no role played by the government.

Ismail also pointed out that Prime Minister Shehbaz Sharif had not implemented any new taxes or pension reforms. He accused the PM of prioritising political interests over necessary economic reforms.

In terms of imports, the former minister noted a 7% decrease, but he highlighted that the current tax rates are extremely high. He warned that without positive economic indicators, investment in the country would not increase.