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Economic growth during PML-N tenure: Detailed analysis

Chakar The Great

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It is said that PMLN had such good economic progress with 5.8% growth and PTI government destroyed it. So instead of showing myself what the problems of that growth were, I have compiled what international newspapers and economic institutions were saying about this growth. Lets have a look,


IMF In Feb 2018, the IMF reported that the macroeconomic stability achieved in 2013-2016 has been eroded with high fiscal and external deficits. It recommended a flexible exchange rate and more fiscal tightening for a more inclusive and sustained growth in the future.

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World Bank Nov 2017 In the Pakistan Development Update, the WB talked about how external and fiscal pressures are piling up and must be tackled for sustained growth. It also recommended a flexible dollar rate to maintain REER.



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World Bank Oct 2018 Again this time the WB says that the twin deficits have grown further and tightening the imbalances is now inevitable and now the GDP growth will surely slow down. Yes WB had already projected.

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ADB In a research paper published by ADB in 2019, the frequent boom bust cycles in Pakistan economy are discussed and it is said that in the current structure, a growth of above 3.8% will lead to macroeconomic imbalances and will thus be followed by an era of lower growth.

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World Bank Pakistan @ 100 In this comprehensive strategy paper, the WB talks about Boom Bust Cycles and how this has a structural nature and previous govts. had focused on short term reforms and in 2018 again this cycle was repeated.


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World Bank PEFA WB released a report in 2019 covering three FYs of PMLN govt. and downgraded performance in all areas. The best thing about this was Maryam Nawaz tweeted this to show failure of PTI govt. and had to delete it later xD

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So this is getting monotonous now, so I will just be posting headlines from international institutions, newspapers and attaching links in the replies. Almost all sources cited high CAD, low foreign exchange reserves, overvalued currency as reason for economic disaster.
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Some headlines talking about difficult economic times incoming. Notice the dates. The sources include New York Times, CSIS, The Diplomat, Lowy Institute, DW, CGDEV, MarketWatch, Bloomberg


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So next time you talk about the high growth in PMLN era, talk about these facts too. Its easy to see everything in black and white and criticize the outlier indicators but it is important to jump into the reasons for the indicators.



Thank you.

Credit: https://twitter.com/mobeen_hameed
 

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Basically, PML-N proxy traitor terrorists were planting time bombs inside Pak to bring her down like the Twin Towers!! By HIS GRACE, Pak has survived her 9-11 to toss it to the laps of their favorite NA thug boys....

The foremost job of the Pak Deep State is to ensure PML-N or PPP never return to the power! All means are Helal here....
 
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Pakistan was doing exceptionally well in 2016-17 and than you destabilised the government rest was bound to follow.


Let Me Give You Exceptional

"Some 140 textile mills have closed their operations, while another 75 to 80 mills are on the verge of closure due to high cost of doing business. According to All Pakistan Textile Mills Association (APTMA), with the closure of 140 textile mills, about one million workers have lost their jobs and further closures will add to the unemployment figure by another 0.5 million. Due to the closure of about 140 mills with various mills operating below capacity, textile exports are suffering a loss of over $4 billion per annum, he added."

 
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Let Me Give You Exceptional

"Some 140 textile mills have closed their operations, while another 75 to 80 mills are on the verge of closure due to high cost of doing business. According to All Pakistan Textile Mills Association (APTMA), with the closure of 140 textile mills, about one million workers have lost their jobs and further closures will add to the unemployment figure by another 0.5 million. Due to the closure of about 140 mills with various mills operating below capacity, textile exports are suffering a loss of over $4 billion per annum, he added."


 
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Pakistan was doing exceptionally well in 2016-17 and than you destabilised the government rest was bound to follow.
Miftah delayed the economic ruin by depreciating the Rs just a little before election
Pakistan was well on its way to economic ruin due to consumption led growth model that was being pushed by Dar
Even before election Pakistan was close to economic ruin due to uncontrolled government spending and unchecked CAD
 
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Pakistan was doing exceptionally well in 2016-17 and than you destabilised the government rest was bound to follow.
Like seriously?

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The report carries an objective assessment of Pakistan's public finance management system and its budget from fiscal year 2015-16 to 2017-18
 
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Congratulations Trade Wars Started and We Got Some Diverted Orders.Read Your Link Before Blindly Posting It

"An exporter said the country is only getting spillover orders and that too would stop coming once the competitors increase their capacity. The government should come with a concrete and sustainable policy to facilitate exporters."


Another Reason Was That With The Economic Hitman Dar Gone Miftah Ismail Followed The Rational Policy Of Allowing The Dollar To Free Float.Thus Making Exports Cheaper
 
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This is your true performance patwari


 
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pakka putwari.
99% of plmn ppp supporters are poor and thus cannot afford to have internet access and those who do are spoiled brat children of corrupt politicans or have connections some how thats why u will find some of these idiots spreading nonsense because if they dont then their masters will fire their abu jaan from these corrupt positions.
 
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