Everyone needs to fulfill responsibilities for economic stability: COAS

ISLAMABAD: While commenting on Pakistan’s economic crisis, Chief of Army Staff (COAS) General Qamar Javed Bajwa on Friday stated that everyone needs to fulfill their responsibilities so that the initiatives taken by the government for economic stability could succeed.
While speaking at a seminar on Pakistan’s Economy at National Defence University (NDU) in Islamabad, the COAS said that there cannot be any sovereignty in the absence of economic sovereignty and while the country is going through a difficult economic situation.
The Army chief both economy and security directly complement each other. He said that countries cannot develop individually, it is the region which develops. “For our region to develop we need to have greater regional connectivity among all neighbours,” he stated.
The COAS said that the country is “going through difficult economic situation due to fiscal mismanagement”.
“The armed forces played their part by voluntarily foregoing annual increase in defence budget and this is not the only step we are taking for the improvement of economy. We understand that the government has gone for difficult but quintessential decisions for long term benefits and what we are doing is playing our part. We all need to fulfill our responsibilities in this regard so that these difficult initiatives succeed,” he added.


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