Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Socio-Economic Objectives as Visualised by Quaid-e-Azam

By Mahmud Ali

 Prior to launching of the Pakistan Movement in the South Asian Subcontinent, the economic conditions of the Muslims, in general, were precarious. For this both the British and the Hindu Bania had joined hands after the fall of Mughal Rule in India. Muslim League objective, therefore, was aimed at economic emancipation of the Muslims, both from the British Imperial exploitation as well as from the Hindu money lenders.

The idea behind a separate Muslim state was that, in such a state it would be possible for the incoming people’s government, to adopt and implement an economic system, based on the principles of Islamic Shariat, which prevent concentration of wealth into few hands, and thus ensure equitable distribution of the resources to the generality of the people, thereby paving the way for affluence and eradication of poverty and exploitation of man by man.

Unfortunately the continuation of the impact of the Pakistan Movement came to a dead stop after the sad demise of the father of the nation, Quaid-i-Azam Mohammad Ali Jinnah, who had assimilated the idea into himself and projected it to the extent of founding a Muslim state which would provide the ground for the ultimate realization of the noble objective.

But the question remains, why it had been so? The answer is not far to seek: The elements of exploitation including the outgoing imperial blood-suckers, became super-active finding the field bereft with the power of resistance. The power of dynamic leadership was gone, and the masses, bereft of it, became totally powerless.

Here, we are reminded of the past, through centuries, as to how the elements of exploitation spread their world-wide tentacles of exploitation, blood-sucking of the people all over the globe, including the land which comprises PAKISTAN.

Jinnah's concern for economy in the government's spending

By Qutubuddin Aziz

The Quaid-i-Azam Mohammad Ali Jinnah, who assumed the reins of office as the first Governor General of Pakistan, on August 14, 1947, exercised the utmost economy in authorising government spending on his high office as Governor General and his own person. He kept a strict watch on the official expenditure on the Governor General's House in Karachi and his person. Having refused to accept the high salary to which he was entitled as the Governor General, the Quaid-i-Azam shunned the huge expenditure in vogue in India and other Commonwealth countries on the gubernatorial establishment and personally examined every month the items of expenditure on the staff, services and utilities of the Governor General's House in Karachi. He instructed the staff to show care and economy in the consumption of electricity and piped water in the household. The Governor General was fully aware of the financial constraints the fledgling State of Pakistan was at that time suffering from. In Karachi, there was shortage of electricity and piped water. According to the Quaid's sister, Mohtarma Fatima Jinnah, at times the Governor General, instead of burdening the State Exchequer, bore some part of the monthly administrative expenditure on the Governor General's House from his personal funds which he brought into Pakistan through his bankers in Mumbai. He took only a token sum of Rupee ONE per month as his official salary from the Government of Pakistan. As one of the leading barristers in India, Jinnah's income from his professional fees and profits from corporate investments was considerable, indeed more than his budgeted salary as Pakistan's Governor General. He still used his old Packard Limousine, which was brought from Mumbai to Karachi. It was very well maintained and the Quaid-i-Azam bore the expenses of maintaining it. He retained the services of his old chauffeur who had served him most devotedly in Mumbai and opted to serve him in Karachi. Jinnah had purchased the Packard Limousine some 15 years ago through the good offices of a commercial firm in Calcutta headed by his most devoted party colleague, Mirza Abul Hasan Ispahani. The Pakistan Foreign Office and the Protocol wing of the government impressed upon the Governor General the urgent need for him to have a new suitable Limousine for use in Karachi and a new aircraft for his use on State duty. The Quaid-i-Azam called for a report from the government on what kind of Limousines and aircraft were in use for heads of State in other Commonwealth countries.

The Quaid-i-Azam felt utterly surprised when he learnt from Prime Minister Liaquat Ali the details of the lavish spending by the British Indian Government on the office of the Viceroy and his person and family in New Delhi "This expenditure is too huge for our new State, we cannot afford it. Cut my budget to the barest minimum. I can live decently in Karachi with my own funds. We need more funds urgently for Kashmir and refugee rehabilitation, he said. "I don't need a new Limousine, my Packard is still a beauty and runs well. I can use commercial aircraft and Air Force planes for travel in the country," thus spoke Governor General Jinnah to his Prime Minister. Pakistan's Foreign Minister Sir Zafarullah Khan took it upon himself to explain to the Quaid-i-Azam the rationale and need for getting a suitable Limousine and aircraft for his use on State duty. The Governor General finally agreed but instructed that Ambassador M.A.H. Ispahani in Washington D.C. should look into the matter i.e. buying a suitable new Limousine and a small aircraft in the USA for the use of the Governor General in Pakistan. The Quaid-i-Azam was pleased when Ambassador Ispahani suggested the purchase of a new Super Cadillac and wrote that the manufacturer of General Motors would give a very substantial discount in the listed price for the new model. The Quaid-i-Azam got a detailed report on the Limousine, the net price payable, and the time when it would be delivered in Karachi. He also got a report on which other countries were using Cadillacs for their heads of State, heads of Government and Ambassadors. The Quaid-i-Azam, suggested that as Pakistan has a left-hand traffic system, the Cadillac should have a left hand drive system. He also wanted assurances from the manufacturers that spare parts needed for the vehicle would be made available in Pakistan quickly. General Motors offered to install many new gadgets, facilities and conveniences inside the Cadillac at small expense such as long distance telephone. The offer was accepted largely because the amount was small. Knowing the wishes and mood of the Governor General, Ambassador Ispahani managed to bring about reduction in the cost of shipment, boxing the car and insurance for its journey from the USA to Karachi in Pakistan. Ambassador Ispahani made himself conversant with every item of the transaction and the schedule for the delivery of the Limousine in Karachi. Ispahani to Governor General Jinnah intimated every bit of the transaction. The Quaid was a hard taskmaster and Mr Ispahani knew his penchant for the minutes' detail and absolute transparency.

The exchange of correspondence about the purchase of the Cadillac Limousine between Ispahani and Governor General Jinnah is amply covered in a hefty 1948 book: M.A. Jinnah Ispahani Correspondence 1936-1948 edited by Z.H. Zaidi and launched in Karachi by Ispahani in a crowded press conference at his residence in the presence of his gracious wife, Begum Ghamar Ispahani.

Seemingly, the Governor General was a bit annoyed when the delivery of the Limousine ordered from the USA through our Embassy there was delayed. In his letter dated December 11, 1947, to Ispahani, Governor General Jinnah wrote... "What about my car? It was to be delivered in the middle of November and here we are now in the middle of December and I have not yet heard as to what has happened to it. Please let me know how the matter stands because I want the car very badly." In his letter of December 20, 1947, from the Pakistan Embassy in Washington D.C Ambassador Ispahani informed the Governor General of Pakistan that the Cadillac had reached New York from Detroit, its place of manufacture by General Motors and it will be placed on board a ship bound for Karachi before the end of next week. I am sure you will like the automobile. In this letter, Ispahani also enclosed a photograph of the new 20-passenger Model 34 Beechcraft aeroplane, which had successfully completed its initial flight test on October 1, 1947, and can be bought at a reasonable price for use of the Governor General in Pakistan. In his letter dated January 8, 1948, Ambassador Ispahani informed the Governor General of Pakistan that the Cadillac booked for him was shipped on S.S. Explorer which left the USA on December 29 and it was due to reach Karachi port in the first week of February.

In a letter sent to Ambassador Ispahani from Government House in Lahore, Jinnah did not approve of buying an aircraft of quarter million dollars from the Beechcraft Corporation, saying that the Governor General of Pakistan cannot afford to travel in an aircraft, which will cost more than fifteen lakhs in rupees. The Governor General seemed to have opted for a slightly less expensive aircraft of Vickers Armstrong whose Viking planes were in use in India and Pakistan for civil purpose and he said in his reply to Ispahani that the Viking prices were not unreasonable, and taking everything into consideration I am trying to negotiate with them. Another difficulty with the Beechcraft plane was servicing while it's for the Vikings posed no problem.

It was also suggested to the Quaid-i-Azam that along with the Cadillac ordered for him, he should have a second Limousine. Ambassador Ispahani proposed from Washington that the Governor General should have a 1948 Super Packard or a new Lincoln. A substantial diplomatic discount was offered for either car. The Quaid-i-Azam studied the literature pertaining to the two cars but when he learnt from the Pakistan Ambassador in Washington D.C that the Cadillac car ordered for him had been boxed and shipped from the USA to Karachi, he immediately informed Ambassador Ispahani that he would not like to have a second car. He looked forward to get the Cadillac in Karachi because the number of top ranking foreign dignitaries visiting Pakistan were multiplying briskly and at times they had to ride with the Governor General in his official car from the Karachi Airport to Governor General's House in the heart of the city. The meticulous care with which the Pakistan Governor General attended to official work, is evidenced by Ambassador Ispahani's letter of October 20, 1948, from the Pakistan Embassy in Washington D.C to him in Karachi in which the Ambassador wrote that he had received the letter of the Military Secretary to Jinnah, Colonel Birnie dated October 21, 1948, advising him of the remittance to him of 6,000 US dollars to meet the cost and other charges incurred on account of the Cadillac car.

In a letter dated November 3, 1947, from Washington D.C Ambassador Ispahani informed the Governor General that the aircraft for his use from the Beechcraft Corporation would cost around a quarter million dollars. A super aircraft offered by the Consolidated Vultee Corporation of the USA whose details Ispahani sent to the Governor General in Karachi would have cost half a million dollars, a price which was not acceptable to the Quaid-i-Azam. After carefully examining all the offers and the prices involved, the Governor General showed a preference for the Viking plane offered by Vickers Armstrong, which was a little less expensive than all the other offers. The Governor General called for reports on each offer from the Pakistan Air Force experts to ensure that the aircraft Pakistan was buying for its Governor General was technologically the best for the very reasonable price he would agree to pay for it. It should be remembered that the time when the Quaid-i-Azam was personally examining this matter in Karachi he was not in the best of health and his physicians were pressing him to shift to Quetta or Ziarat.

The commercial policy of Pakistan (27th Apr 1948)

Reply to the Address presented by the Karachi Chamber of Commerce on 27th April 1948.

It gives me great pleasure, Mr. Chairman, to be here this morning with you all at this you’re 88th Annual General Meeting. I presume it is an accident to hold this meeting in the premises of the Karachi Cotton Association, for one can hardly dissociate Karachi from commerce and the commerce of this place from cotton. You have, Mr. Chairman, covered a very wide field in your address, from the founding of the sovereign and independent State of Pakistan to the petty usurpations of power by minor official here and there over this far-flung Dominion, from the intricacies of cotton trade to the common place of delays. You will, however, hardly expect me to follow you in every detail in my reply. I cannot, however, let an opportunity, such as you have presented to me today, pass without calling attention to certain salient points arising out of your address.

Let me, Mr. Chairman first acknowledge the tribute which you have justly paid to my Government and my people for the manner in which they faced up to the tragic events which so closely followed the establishment of Pakistan. It was inevitable that many otherwise sensible people should greet Pakistan as an unwanted and intolerable child whose birth could not long survive their displeasure. You have rightly pointed out how mistaken were the people who, because the idea of Pakistan was new and unfamiliar to them, thought Pakistan would have but only an ephemeral existence. None can now doubt, in your words, Mr. Chairman that a new Power was born among the nations of the world on August 14, 1947. The difficulties and the tribulations through which Pakistan has passed have helped to strengthen and temper the new State into steel, which is now, well and truly set upon the course on the uncharted seas of the future. The people who have made the effort which secured their separate freedom in the face of derision, disbelief and the utmost political opposition will not fail to make the additional effort necessary to consolidate their liberties, and any delusion or elusion from which some people still suffer, let me make it clear, that the sooner they bring their notion–Pakistan surrendering to India or seeking Union with Central Government–the better it will be for peace and prosperity of both the Dominions and will help a great deal to establish goodwill and neighbourly good feelings.

I am glad to note that you are disaffiliating your Chambers from the Associated Chambers of Commerce of India as a necessary corollary of the partition, and intend to form an Association of your Pakistan Chambers of Commerce.

You, Mr. Chairman, have rightly given pride of place to cotton in dealing with trade and commerce. I am glad to know that you have recognised that Pakistan’s cotton policy could not have been more liberal or less restrictive than it was until the impact of India’s decision to decontrol cloth and refuse it to us except in return for cotton, forced measures of regulation on us. Even so, all contracts made before 23rd January 1948 by traders in Pakistan–national or foreign–were honoured. That the cotton trade should have shown such admirable capacity to adjust itself to changing conditions is a matter for gratification. I would like to express the appreciation of the Government of Pakistan for the manner in which traders have played their part in helping to move cotton to the port and from the port to the markets of the world.

You have also referred at some length to the import policy of the Government of Pakistan and internal controls exercised within the country and have pleaded that, as few handicaps should be placed on trading as possible. Regulation and restriction with their attendant administrative evils will be imposed only where conditions compel, and any expressions of opinion you care to make from time to time will always receive my Ministry’s careful thought. I can assure you on behalf of the Government of Pakistan that it is their intention and policy to let the channels of free trading flow as freely as possible. In so far as the internal controls on essential commodities are concerned, my Government have already decided to review them at a conference with the Provinces in an attempt to relax and remove as many of these as circumstances would now permit So far as overseas trade is concerned a considerable sector of imports has been released from licensing by the notification of an Open General Licence for a wide range of goods coming from Commonwealth sterling countries. This list will be kept under constant review with the object of expanding it and the question of including therein imports and other soft currency areas is now receiving the attention of the Ministry for Commerce. The situation in regard to dollar imports and other hard currencies is, of course very difficult and licensing must continue to protect the balance of payments. Even in this field, however, you can assist by bending your energies to directing and increasing our exports to dollar and hard currency countries. This, fortunately, should not be difficult in the case of the major Pakistan raw materials and I shall look forward, Gentlemen to your constant support in this matter. Anything that Government cans do to facilitate exports to these areas by removing as many restrictions as possible will be done. I have little doubt, gentlemen, that your efforts in this direction will bear fruit as we are rich in the commodities which the world so badly requires, like cotton, jute, hides, skins and wool. You have made a plea that in the interests of trade. Government should make an announcement of the import policy in good time. The Government of Pakistan fully appreciates this view and will do all they can to make as early an announcement as circumstances would permit. The uncertain factors, which delayed the announcement of their policy in the past will, Government hopes, not recur in future.

The complete breakdown of the banking and financial mechanism in the West Punjab is a matter which government action alone cannot remedy. We can make the conditions as favourable as possible but bankers alone can repair the machine. It is our unalterable determination to maintain law and order and to secure and retain public confidence in our administration of affairs. In this context and given your goodwill, the reconstruction and restoration of our commerce and trade should proceed apace. This is my appeal to you today, Gentleman, to make a steady and sustained effort to help us to help you.

There is one matter, Mr. Chairman, which you have mentioned only in passing, namely, the statement issued by my Government on the Industrial Policy of Pakistan. The statement is of such far- reaching character that I would ask of you as a business community to examine it with the care and attention which the importance of the subject and the direct bearing it has on your own well-being requires. That my Government should have taken time to consider matters carefully before formulating their policy, which must vitally, effect the future of the country, is a matter that need not cause any sense of frustration. For I am reminded in the connection of an observation of that wiseman, Francis who said–”It is good to commit the beginnings of all great actions to Argos with his hundred eyes and the ends to Briarcus with his hundred hands; first to watch and then to speed” Whilst I do not propose to recapitulate the statement here, I would like to call your particular attention to the keen desire of the Government of Pakistan to associate individual initiative and private enterprise at every stage of industrialisation. The number of industries Government has reserved for management by themselves consists of Arms and Munitions of War, generation of Hydel Power and manufacture of Railway wagons, Telephone, Telegraph and Wireless apparatus. All other industrial activity is left open to private enterprise, which would be given every facility a Government can give for the establishment and development of industry. Government will seek to create conditions in which industry and trade may develop and prosper by undertaking surveys of Pakistan’s considerable resources of minerals, schemes for the development of country’s water and power resources plans for the improvement of transport services and the establishment of the ports and an Industrial Finance Corporation. Just as Pakistan is agriculturally the most advanced country in the Continent of Asia as mentioned by you, I am confident that if it makes the fullest and the best use of its considerable agricultural wealth in the building up of her industries, it will, with the traditions of craftsmanship for which her people are so well known and with their ability to adjust themselves to new techniques, soon make its mark in the industrial field. I am glad to know that you are favourably impressed with the concessions announced by the Finance Minister to new industrial enterprises in the matter of Income Tax and depreciation that you regard the statement as holding out more encouragement to new industry than the corresponding statement of policy made by the Government of India. If you want any clarification of any aspect of the policy, my Government will be only too willing to furnish the same.

Fortunately, in the port of Karachi, we have adequate facilities to handle not only the trade of Western Pakistan but also such trade as offers for Afghanistan and the adjoining areas of the Indian Dominion. For reasons into which I need not here enter, this trade has suffered a severe setback since partition. I hope that in everybody’s interest you will endeavor to restore Karachi’s standing in this regard. I have no doubt that the port of Karachi has a very bright future. It is the only port, which serves this side of Pakistan, and the location of the Pakistan Naval Headquarters had added greatly to its importance. I can look with confidence to its rapid development. The scheme for remodelling the East Wharf and the provision of Naval and Commercial Dry Docks is under our active consideration and should, when completed, make Karachi one of the most modern ports. I may assure the business community that I am watching with keen interest the present and future interests of the port.

The end of the period of “Standstill” and the consequent entry of India and Pakistan into normal international relations should advance and give precision to the movement of trade. Bonding facilities are being provided by my Government in Karachi port for this purpose. On the other side of the sub-continent, the Government of India has also agreed to provide bonding facilities in Calcutta so that from now on, the capacity of the port of Chittagong to handle raw jute will be supplemented by transit facilities through the port of Calcutta.

In the field of Civil Aviation, Pakistan is fortunate in having at Karachi, the best-equipped airport in the East. Its position and climate are in its favour and now that Karachi has become the Capital of Pakistan, there is no likelihood of the Airport ever losing its importance. Its pre-eminent position will be maintained, as we are alive to the need of its continued development in accordance with the international standards and to the need of facilitating in every way national and international air transport operations. Karachi will remain one of the main centers of international air traffic as most of the progressive countries of the world have approached us for bilateral air transport agreements and we already have agreements with U.S., France, Netherlands, Iraq and recently negotiated agreement with India and Ceylon. Delegations from U.K and other countries are expected in Karachi soon. For all these Karachi will remain the airport of entry and departure. The use of Bombay as the port of entry for Trans-World Airlines was provided for in Air Transport Agreement between U.S.A. and India before partition and does not indicate a subsequent tendency to transfer operation from Karachi to Bombay. On this service Karachi Airport was used, in the first instance, as a temporary measure pending the provision of health facilities at Santa Cruz. You have referred to the rise in airline operating costs occasioned by the recently increased cost of aviation spirits in Pakistan. This is question, which I have, no doubt will be considered by my Government in the light of your observations.

I am glad to hear that you have appreciated the difficulties which beset Orient Airways in establishing, at a very short notice, vital air communications within Pakistan between Eastern and Western Pakistan and between Karachi and Delhi and between Karachi and Bombay. These agreements had to be made on a temporary basis while a long-term national air transport was being formulated. The Government announced their policy on the 5th of December 1947, limiting air transport operations to two commercial airlines to be selected for the operation of all the scheduled services to be licensed by the Government. The names of these companies will be announced shortly together with the routes to be operated by them subject to finalisation of agreement recently negotiated with the Government of India. To serve these companies and to a large extent, the Royal Pakistan Air Force, it is also proposed to establish, at Karachi a company to carry out major overhaul and repair of aircraft, the training of mechanics and maintenance engineers, and such other common services as the Government and airlines may require. The Government will participate financially in this enterprise and plans for the establishment of this company are now under active consideration of the Government.

You have referred to the difficulties experienced by your members on account of the uncertainty of booking restrictions. As you are aware, booking restrictions have been rendered necessary on account of coal shortage due to spasmodic and insufficient receipt from India. The NorthWestern Railway has always endeavoured to move as much traffic as possible with their available resources. The movement of refugees placed a heavy strain on the Railway’s capacity at a time when coal receipts were at their lowest, but in spite of these difficulties essential goods, e.g. food-stuffs, kept on moving though restrictions had perforce to be imposed on the movement of goods carried under lower priorities. The Railways, however, relaxed restrictions to the extent possible whenever there was even a slight improvement in coal receipts, but whenever the coal position deteriorated restrictions were reimposed. In spite of the manifold difficulties created by inadequate supplies of coal from India, the refugee traffic, the numerous staff problems created by partition, the Railway administration, as and when the position improved, restored the facilities which had to be curtailed from time to time. I hope that the Chamber would appreciate their efforts in keeping the rail transport going. There was some improvement in the coal position on the NorthWestern Railway during February and March and as you are aware, unrestricted booking was resumed with effect from 4th March in local bookings and from 12th April in foreign bookings. Unfortunately, coal supplies from India have been inadequate during April and, although some of the coal ordered from the U.S.A. has been received, stocks are dwindling. Representations have been made to India, and it is hoped that there will be no reimposition of the previous unfortunate restrictions, except those occasionally imposed for operational reasons.

As regards the complaint that the railway staffs at stations are unaware of the restrictions imposed from time to time, I am advised that all restrictions are conveyed to stations immediately on their imposition. It is possible that in the early days after partition, due to large-scale transfers of staffs, there was a certain amount of dis-organisation resulting in incorrect information being furnished to merchants. The NorthWestern Railway has, however, taken suitable action to ensure that correct information relating to restrictions is conveyed to merchants.

As regards preparatition claims, I hope you are aware of the provisions of the Indian Independence (Rights, Property and Liabilities) Order 1947, under which the liabilities and financial obligations of the governor-general in Council, outstanding immediately before 15th August, 1947, devolved on the Dominion of India. The Pakistan Government has already made the position in this respect clear in their press note of the 25th March 1948. The matter is under correspondence with the Government of India and it is hoped that a settlement in regard to this outstanding question will be reached at an early date.

Reference has been made by you to the difficulties and anxieties, which naturally spring, from shortage of residential and office accommodation in this town. The Government of Pakistan has, subject to the approval of the Constituent Assembly, decided to locate the permanent Capital of Pakistan at Karachi. Detailed planning of the layout will take some time but this should not delay construction of some residential accommodation. In this field, as in many others, gentlemen, you have a big contribution to make. There are vast open areas where buildings could, with advantage, be constructed. Building materials such as cement and stone are available in abundance, though steel and timber are rather scarce. All the same, my Government would like to see the business community take up a program of large-scale building construction in Karachi.

Mr. Chairman, Commerce and Trade are the very lifeblood of the nation. I can no more visualise a Pakistan without traders than I can one without cultivators or civil servants. I have no doubt that in Pakistan, traders and merchants will always be welcome and that they, in building up their own fortunes, will not forget their social responsibility for a fair and square deal to one and all, big and small. Government have for sometime been perturbed over the constantly rising spiral of prices of the necessities of life in Pakistan. They are now engaged in a study of how best the spiral could be broken and prices brought down. I have little doubt that my Government can confidently count on your full support in every measure they may decide to take to achieve this object

Commerce, Gentlemen, is more international than culture and it behaves you to behave in such a way that the power and prestige of Pakistan gain added strength from every act of yours. I have no doubt the Commerce of Pakistan would be an effective instrument in the establishment and maintenance of high standards of business integrity and practice. If Pakistani goods are to establish for themselves a reputation all their own, a beginning must be made now and here. I assure you, Gentlemen, that anything my Government can do to achieve this end, and they shall do. I would like Pakistan to become a synonym and hallmark for standard and quality in the market places of the world.

Let me, Mr. Chairman, thank you once again for the honour you have done me in asking me to be the guest of your Chamber on this occasion. I wish you and your Chamber well in the many years that lie ahead of us and may you as true Pakistanis help to reconstruct and build Pakistan to reach mighty and glorious status amongst the comity of nations of the world and that let us pray that Pakistan will make its contribution for peace, happiness and prosperity of the world.

Pakistan Zindabad

Economic feasibility of Pakistan (1 Apr 1948)

Speech on the occasion of the presentation of New Pakistan Coins and Notes by the Finance Minister of Pakistan, on 1st April, 1948.

I thank you Mr. Finance Minister for the honour you have done me by presenting the first Pakistan coins and notes to me today. I take this opportunity of publicly expressing the appreciation of the Government and people of Pakistan of the way in which you and your Ministry has handled the finances of our Young State and your untiring zeal to put them on a sound footing. When we first raised our demand for a sovereign and independent State of Pakistan there were not a few false prophets who tried to deflect us from our set purpose by saying that Pakistan was not economically feasible. They painted extremely dark pictures of the future of our State and its financial and economic soundness. The very first budget presented by you must have caused a shock to those false prophets. It has already demonstrated the soundness of Pakistan’s finances and the determination of its Government to make them more and more sound, and strong. Although it has meant the tightening of our belts, to a certain extent, but I am sure that the people of Pakistan will not mind making sacrifices in order to make our State in the near future really a strong and stable State. So that we can handle more effectively and with ease our programme, especially for the uplift of the masses. I have no doubt in my mind about the bright future that awaits Pakistan when its vast resources of men and material are fully mobilized. The road that we may have to travel may be somewhat uphill at present but with courage and determination we mean to achieve our objective, which is to build up and construct a strong and prosperous Pakistan.

Pakistan Zindabad

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