Nawaz Sharif’s performance better than his political opponents: Bloomberg
Bloomberg stated in the report that the inflation in Pakistan is close to 30%.
ISLAMABAD: Pakistan’s economy experienced its most stable period in the past three decades under the leadership of Nawaz Sharif and his Pakistan Muslim League (PML-N), according to a report by the Bloomberg.
According to the Bloomberg report, during the last three decades, Nawaz Sharif managed the economy in the best way. In 30 years, Nawaz Sharif’s economic performance was the best compared to his political opponents.
In the report, it is stated that former Prime Minister Nawaz Sharif has performed better than Pakistan Tehreek-e-Insaf (PTI) and Pakistan Peopels Party (PPP) in economic difficulties.
The Misery index looks at inflation, unemployment and other economic problems. Economic performance of a government is analyzed and compared by looking at economic difficulties.
On the other hand, the report of Bloomberg mentioned that the economic performance of political governments has been evaluated since 1990. However, PTI founder Imran Khan is still a popular politician but is in jail. Nawaz Sharif seems ready for power on February 8.
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Bloomberg Economics stressed that regardless of the economic performance under different administrations, the road ahead for any incoming government won’t be easy.With inflation nearing 30%, the national currency facing challenges, and foreign exchange reserves declining, the next government will need to make tough decisions, including implementing policies that may be unpopular with voters.
In the recent survey, founder PTI is at 57 percent and Nawaz Sharif is at 52 percent in terms of popularity. The later’s popularity has increased by 36% in the last six months.
Bloomberg stated in the report that the inflation in Pakistan is close to 30%. Last year the foreign exchange reserves were in a very poor condition. Pakistan is currently depending on the bailout package of the International Monetary Fund (IMF). The incoming government has to implement unpopular policies among the people. The IMF expects Pakistan’s economic growth to be 2% in the current fiscal year.
PML-N to unveil its manifesto on January 27
Pakistan Muslim League-Nawaz (PML-N) has finally officially announced that its party manifesto will be unveiled on January 27.
The manifesto committee, led by Senator Irfan Siddique, was established by PML-N in October to formulate the party’s vision. While establishing a web portal, the Nawaz Sharif-led PML-N has sought suggestions from professionals, experts, overseas Pakistanis and citizens for the party’s election manifesto 2024.
Party sources said that the PML-N charter focusing on creating jobs and improving life standards has been prepared. The party has focused over health, education, economy, livestock, agriculture and other sectors of the economy.
The PML-N in its manifesto has given special attention to the education sector, party sources said. They added that the PML-N government will emphasise over promotion of the public-private partnership.
The PML-N has planned to enhance higher education from existing 13 percent to 30 percent, sources said. “The PML-N’s manifesto is aimed at policies to unleash an agricultural and industrial revolution in the country,” they added.
Sources said that one of the key objectives of the PML-N is to transfer 1.2 million tube wells to solar energy. The general elections will be held on February 8.
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