Transparency International (TI) Pakistan congratulates coalition partners and the nation on the successful elimination of eight and half years of dictatorial regime, and peaceful transaction from army rule to democracy in Pakistan, which will be completed with the election of new President on 6th September 2008.
Ex president had instituted a good practice when on 1st November 1999, he declared his assets. TI Pakistan recommends that he should now declare his assets after he resigned on 18th August 2008. This practice, which is constitutional requirements for all parliamentarians, shall also be adopted by non-parliamentarian, ministers, advisors, governors and the President.
Transparency International believes that even the worst democracy is better than the best dictatorship, as the accountability mechanism is in-built in the democratic system, in which three pillar for government, Legislature, Executive and Judiciary work within the frame work allowed under the constitution.
Syed Adil Gilani, Chairman, TI Pakistan said that Pakistan at present is facing many acute problems, like increase in terrorism, hyper inflation, reduction in KSE 100 index by 32 percent, from 14,500 on 2nd November 2007, to 9,754 on 25th August 2008, 20 percent devaluation in currency.
US dollar increases from Rs 64 to Rs 77, and reduction of foreign currency reserves from US dollars 16.6 billion to US dollars 9.5 billion and the huge trade deficit, inherited due to the policies of the previous government. He said that all political parties should work together for strengthening of the democratic government, and forget their differences for the sake of Pakistan at this point of time.
Pakistan at present needs good governance, and full attention on addressing economic issues, ways to adjust bank interest rates, streamlining the fuel and energy arrangements and rationalisation of tariff, transparent implementation of system by regulatory authorities, SECP, PPRA, SBP, Ogra, Pemra, PTA, PFRA etc in order to restore investor's confidence.
Pakistan cannot afford protest rallies by anyone, like transporters, civil society, etc TI Pakistan appeals to the government to immediately restore the 2nd November 2007 judiciary as all the political parties are committed to the restoration. Further delay of even one day may cause such colossal damage to the country, which may be unthinkable.-PR
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