ISLAMABAD: Pakistan’s economy has seen its most stable period in three decades under the leadership of Nawaz Sharif and his Pakistan Muslim League-Nawaz (PML-N), according to a Bloomberg report.
According to a Bloomberg report, Nawaz Sharif has managed the economy in the best way during the last three decades. In 30 years, Nawaz Sharif’s economic performance was the best compared to his political opponents.
The report said former prime minister Nawaz Sharif has fared better than the Pakistan Tehreek-e-Insaf (PTI) and the Pakistan People’s Party (PPP) in economic woes.
The Misery Index looks at inflation, unemployment and other economic problems. The economic performance of the government is analyzed and compared by looking at the economic difficulties.
On the other hand, a Bloomberg report 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 all set to come to power on February 8.
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Bloomberg Economics highlighted that regardless of economic performance under various administrations, the road ahead for any incoming government will not be easy.
With inflation approaching 30%, the national currency facing problems and foreign exchange reserves dwindling, the next government will have to make tough decisions, including implementing policies that may be unpopular with voters.
In a recent poll, the PTI founder is at 57 percent and Nawaz Sharif at 52 percent in terms of popularity. In the last six months, their popularity has increased by 36%.
Bloomberg reported in a report that inflation in Pakistan is close to 30%. Last year, the foreign exchange reserves were in a very bad state. Pakistan is currently dependent on a bailout package from the International Monetary Fund (IMF). The incoming government must introduce unpopular policies among the people. The IMF expects Pakistan’s economic growth to be 2% in the current fiscal year.
