THE federal cabinet’s decisions on Khyber Pakhtunkhwa’s development and security, the introduction of new currency notes and arrangements for uninterrupted energy supplies during winter reflect important priorities that require sustained attention and effective implementation.
The finalization of a development package worth Rs160 billion for Khyber Pakhtunkhwa is a welcome step. The people of the province have suffered enormously because of terrorism. Besides losing precious lives, they have faced economic hardships, displacement and setbacks to development. There is, therefore, an urgent need to accelerate development activities, improve public services and create economic opportunities. With greater coordination, all-out efforts must continue to eliminate terrorism from the province in the shortest possible time. The sacrifices of the people and security forces must translate into lasting peace and prosperity. The cabinet’s approval of new currency note designs with advanced security features and durable materials is also a positive initiative. Modern security measures are essential to prevent counterfeiting, protect the integrity of the currency and bring Pakistan’s banknotes in line with contemporary standards.
However, the decision to replace the existing ten-rupee banknote with a coin warrants reconsideration. Experience with one-, two- and five-rupee coins shows that such coins have gradually lost their practical relevance and are hardly in circulation. Replacing the ten-rupee note could similarly further diminish practical value of the denomination rather than offer any meaningful benefit to the public. The Prime Minister’s assurance of ensuring uninterrupted supplies of LNG, LPG and other petroleum products during the winter season is equally reassuring. Despite disruptions to shipping routes amid regional tensions, the government has managed to maintain supplies of petrol and diesel, while a significant reduction in their prices is also being witnessed. Ensuring adequate energy supplies, keeping power plants operational and preventing shortages must remain priorities. Above all, every possible effort should be made to provide economic relief and ease the financial burden on the common man.
