Rich resigned saving national exchequer

This is not ordinary news but has an important message to be very judiciously read and understood as Sheikh Salem Abdulaziz Al Sabah who is one of the most respected members of the ruling Al Sabah family resigned from the post of Governor, Central Bank of Kuwait.

He being Governor of Central Bank for over 25 years has very rich experience to his credit  and therefore  whatever he says he means it and being a truly patriotic person he thought it prudent to quit if his advice is not given due weight in the higher circles. It goes without saying that he being the chief of the banking sector is officially responsible to monitor all fiscal transactions and suggest remedial manners as and when needed so that the country’s sources and resources are not wasted for nothing. Undoubtedly Kuwait is a truly rich country which can rightly boast of huge oil reserves but it does not mean that its money be burnt and not spent.

Governor of Central Bank of Kuwait is one of the most prized positions in the country which in turn carries big purse and truly fringe benefits hence I doubt anybody occupying such an important and lucrative seat would vacate the post for nothing but for a very strong and valid reason. The outgoing governor has thrown light and provided food for thought for those who matter so far as Kuwait economy is concerned which as such demands that his apprehensions must be read with open mind and implemented in the truest spirit. Sheikh Salem Abdulaziz Al Sabah being a royal blood himself simply cannot think to be detrimental to his own country. He very rightly reminded of the recent past time when Kuwait too had felt the pinch as the oil prices were considerably rocked down during economic recession some years before.

He resigned neither not for any self gains nor even for increasing his vote bank (ruling family does not contest election) but in the greater interest of the country. He had felt that his country’s national wealth is being over spent unnecessarily which is nothing short of draining out the national wealth. There must always be true rationale and proper justification about expenditure as and when national exchequer is to be taxed and this principle must be followed very strictly with no reference to the sources and resources of any country. He was very much pained to know that some months back only some of his compatriots have been heavily gifted with cash from the money withdrawn from public exchequer. His moral conscious coupled with national patriotism eventually overwhelmed him and he was left with no alternative but to resign from the post to at least satisfy his self if not others.

Sheikh Salem Al Sabah is gone but at the same time he has not only left very dominant impressions but has also lit the candle to lead others. It is very much expected that his successor will accomplish all that has been left in between because of his sudden departure. Incidentally chief banker has give a loud message to other countries too including my beloved Pakistan.

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Iqbal Hadi Zaidi / Kuwait