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Kamran Khan, Founder and CEO of Nukta, has called on the Pakistani government and the opposition party, Pakistan Tehreek-e-Insaf (PTI), to engage in meaningful dialogue despite their differences.
In his latest vlog, Khan expressed regret that just as Pakistan’s economy shows signs of stabilization and conditions start to improve, a new political crisis disrupts the progress.
“Apologies in advance if some of you might not like what I have to say, but lately, I’ve been compelled to think again that we, the genuinely non-political Pakistanis, are just unlucky. Whenever it seems like Pakistan’s economy is stabilizing and conditions are improving, a political storm erupts. And no, I don’t mean to say that it’s entirely PTI’s fault. I fully understand that the system has cornered the country’s largest political party, but for me, it’s also a bitter reality that Imran Khan has closed all doors for negotiations with the state or for pure politics,” the senior journalist said in his vlog.
“The average Pakistani is deeply worried because it seems like both sides (PTI and military establishment) have reached a point of no return. Clearly, neither Imran Khan nor the state benefits from this situation—only the 250 million Pakistanis and the fragile Pakistani economy suffer.”
Pakistan's economy is improving but political stability needed
Kamran said, “But clouds of uncertainty still loom over Pakistan's political stability. The IMF, credit rating agencies, and China are repeatedly reminding us that only political stability can strengthen Pakistan's economy. Almost two years later, all economic indicators are showing a solid recovery,” he added.
He said that a new program with the IMF has been signed, and Saudi Arabia, the UAE, and China have rolled over their loans. “Exports, remittances, foreign exchange reserves, large-scale manufacturing, and foreign direct investment are all improving. The Pakistan Stock Exchange has become the world’s best-performing market,” he added.
Kamran Khan said that there’s a visible decrease in the interest rate and the current account deficit, and inflation has dropped to 6.9 percent.
“An agreement has been reached with IPPs, which will soon lead to a reduction in electricity tariffs. I also know that Pakistan is at an advanced stage of debt restructuring negotiations with China. The Chinese Prime Minister is coming to Pakistan on October 15 and 16 for the SCO summit. Pakistan is becoming a hub of global diplomacy; after 10 years, a delegation from New Delhi, led by Indian Foreign Minister Jaishankar, is arriving in Islamabad. Pakistan cannot afford to waste this golden opportunity to stabilize its economy and improve its global image,” he added.
In June 2024, he revealed that a high-level Chinese delegation visiting Pakistan demanded that the heads of all political parties resolve their differences because internal stability is essential for any nation's development
'Future generations will never forgive the leadership of today"
“Therefore, it is crucial that both PTI and the state engage in meaningful negotiations. Only the key leaders of PTI and the state can create a situation of immense progress for 250 million Pakistanis. The entire history of the world shows that force is not a solution to political issues. The use of state power has never successfully resolved political crises, nor will it in the future,” he added.
Similarly, he said that seasoned politicians have always conducted successful negotiations, even with their worst enemies, with wisdom and intelligence.
“Pakistan cannot afford to have the fate of its political struggle between the state and PTI decided on the streets. Believe me, this is a tremendous opportunity to improve Pakistan's economy. If we miss this opportunity today, future generations will never forgive the leadership of today. Never,” he concluded.
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