PMLN economic report card for 2013 to 2018. Pakistan Muslim League (N) - Wikipedia Going slow would have kept the growth rate low while nearly two million young people enter the job market every year. The GNP growth remained over 6.5 percent in 2020-21 under the PTI and it was the second highest since 2004-5 whereas it was lower on average in five-year term of PMLN. Pakistan Muslim League Nawaz (PML-N) came into power for the third time in the capital. The remittances remained highest ever absolute figure in the outgoing fiscal year that had fetched over $24 billion and projected to touch $29 billion mark till end June 2021. 03 Jun 2023 10:35:50 It can rightly claim to have succeeded in controlling terrorism and bringing peace to the country because of a bold role and valiant efforts of the army and the paramilitary forces which not only chartered National Action Plan but also executed six major operations, including Zarb-e-Azb and Ruddul Fasad, to curb the menace. Our FBR tax collection at Rs 1,946 billion was only 8.4% of GDP 3 and stagnant. Suppose that the construction of a single house costs a minimum of Rs1 million — the expenditure of building 100,000 houses each year would be Rs100 billion. “We’ve brought in growth and stability to Pakistan, so that big promise that we made, that has actually happened.”. And Rs 17 billion youth loans scheme was another positive move under the poverty-alleviation programme and employment schemes as envisioned in the manifesto. . A very good and detailed read of PMLN performance during the year. Very well written and informative article. But actually the PSDP allocation by the end of tenure remained around 2.8 percent of GDP. The government somehow managed to build confidence of the private sector, but it was still not up to the mark. The situation was, by any definition, dire. The PML-N government also failed to bring about the required structural improvements in order to correct past imbalances. Some economists praise the PML-N government’s performance over four years, adding that the last year in power let them down. —To tax all income and to achieve greater equity in the tax system by increasing dependence on direct taxes. Way better than media and social media portrays. In the party manifesto, Shahbaz Sharif, President of PML-N, recently promised to increase annual GDP growth rate to over 7 percent and reduce the budget deficit to below an average of 4 percent of GDP, bring industrial growth to between 8 and 10 percent, and create two million jobs. For the PTI’s first two years, the FBR’s growth remained flat as it stood at around Rs3,850 billion. PML-N rule: A story of gains and pains - The Nation This is prepoll rigging not what PTI is claiming in reference to Rehams book. “Our top economic priority will be sustaining growth momentum, focusing on resource mobilization, increasing exports and job creation through industrialization and implementation of CPEC (China-Pakistan Economic Corridor) projects,” Ahsan Iqbal, who served as Minister for Interior and Minister for Planning, Development and Reforms in the last PML-N administration, told Arab News. Trade deficit deteriorated our external position which led the current account deficit to an all-time high”, Dr. Hafiz Pasha, senior economist and former finance minister, told Arab News. Let's look at what the data says. Functional in 2017. https://t.co/htJHBOJx3r, Cost of all state-of-the-art 46 hospitals across Pakistan will be borne by federal government. Khawaja Asif was appointed defence minister when the SC summoned Nawaz Sharif in a case in his capacity as defence minister. 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The PMLN doubled the FBR tax revenues from Rs1.9 trillion in 2013 to Rs3.8 trillion in 2018. ZERO so you assumed that it will perform better. In PMLN’s last year, exports increased by 13pc. }*/. In PMLN’s last year, inflation was only 3.9pc. When people sort themselves out and begin to fulfill their obligations, things eventually fall in place. There were 3.5 million unemployed persons in Pakistan when PML-N tenure ended in 2018, and in April 2022 there were 9.5 million unemployed persons which meant an increase of 6 million unemployed people in the tenure of PTI. “It is pretty much in the same spot that we were five years ago, except this time as we get ready for a new bailout, we are starting with a current account deficit which is far bigger, and a significantly larger external debt,” said Asad Umar, of the opposition Pakistan Tehreek-e-Insaf (PTI) party. Average growth in the agriculture sector remained 2.1 percent against the target of 3.5 percent although the government had announced a hefty Rs 341 billion relief package for the farmers. In the second year, the revenue collection was affected negatively because of Covid but in the first year there was no Covid yet the performance remained dismal. Moreover, no development was seen on the goals of converting at least 50 percent of the remittances from overseas Pakistanis into investments and reforming tariffs to eliminate anti-export bias. Likewise, food inflation which was only 2.3 per cent in 2018, rose to 15 per cent by end of PTI tenure. Opposition leaders, too, have been pointing to rising debt levels as the government struggles to control macroeconomic imbalances as being of significant concern. KARACHI: As Pakistan gears up for the general election on July 25, Pakistan Muslim League Nawaz-PML-N has promised to build on the foundation of modern energy and logistics infrastructure and take the economy to the next level by enabling an agro-industrial revolution for job creation. PML-N vs PTI: the economic scorecard The government had targeted to restrict the current account deficit to 1.2 percent at the end of its term, but estimates showed it at 4 percent of the GDP this year, which proved a big dent to the economy. Now the PMLN claimed that it had achieved GDP growth rate on average 4 percent in the five-year term from 2013 to 2018. Against the target of reducing maternal mortality rate to 140 per 100,000 women, the ratio remained at 170, which was better than it was five years ago. And the irony is that the only provincial government(Punjab) that was truly successful is being held accountable by our CJP and the others including Imran zardari are not even being questioned that the funds allocated to them in the name of development, where are they? The macroeconomic legacy of PML-N government is comprises the following: • Massive external current account deficit. 2: 10% price increase for consumer using 300-700 units. The minister, in a news statement, said in 2018 when the PML-N tenure ended, dollar- rupee parity stood at Rs 116 but when the PTI regime was removed through vote of no-confidence one dollar was equal to Rs189. But Imran Khan, when standing at container, had claimed that he would ensure the FBR collection doubled in the first year and it would be increased from Rs4,000 billion to Rs8,000 billion in one year. People only need 2017th Pakistan back. How would the government have allocated resources to such a project when it failed to achieve its revenue target each year and consistently cut back on development expenditure? They didn't do anything good in kpk. Sohaib Awan on Twitter: "People only need 2017th Pakistan back. In PMLN ... The writer did not bring the darker side under the limelight. Over four years, the total foreign investment, including CPEC projects, was at around US$11.7 billion — a far cry from the government's goal of having US$20 billion investment in the energy sector alone. As well as PML-N government (2013 to 2018) have . “We are borrowing from the international market, and there is no difficulty in that, and we will be borrowing again,” said Ismail, the outgoing finance minister. To ensure absolute transparency,as per PM's desire,bid opening was done in the presence of media. “There have been various incentive schemes and packages, but the private sector says that they are losing their competitive edge in international markets due to a rising cost of doing business, including high energy prices, high transaction costs, and a poor state of infrastructure.”. Experts from the worlds of business and trade were frustrated at the lack of progress on the major issue of export refund. From 1947 to 2018, she said all the governments together obtained loans worth Rs 24,953 billion but the national debt rose to Rs 42,745 billion during the PTI tenure. 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Those who are criticizing him need to consider that a government irrespective of who is in power can do better only if peoples pay taxes and we will cut on expenditures which has been doubled in the past five years and each year the demand is increasing for more money and that figure currently exceeding 1.3 Trillion Rupees mark, Well done PML (N) Latest News The abysmal numbers fall well short of the intended targets. She said Pakistan’s rating in the Transparency International Index of corruption climbed 23 points during PTI rule as it was 117 in 2018 and reached 140 by the time PTI was removed. Now the PMLN claimed that it had achieved GDP growth rate on average 4 percent in the five-year term from 2013 to 2018. Last edited: Oct 25, 2018. Stock market recorded significant improvement, which, however, saw a decline last year owing to what the party says the Supreme Court’s Panama Paper case decision of July 28 that ousted Nawaz Sharif as prime minister. Despite 35 percent devaluation, the exports could not move forward in the first two-year rule of PTI. Now the PML-N is framing a new manifesto for the next elections, keeping in mind the new realities and programmes that can help the party retain power even after the fresh balloting in July. Would be interesting to do a similar assessment of PTI for KPK. World Class Infrastructure - PMLN Based on reality. The annual cost alone would have been 60 percent of the total development expenditure outside the PSDP during the entire tenure of the government. Sustainable Economic Growth - PMLN - Pakistan Muslim League } “The performance of the PML-N government was a blend of success and failures. During the first four years, the PML-N ran the system without a full-time foreign minister and defence minister. That's the difference!!! PML-N govt comparative performance of 5 years prepared check out the. The PMLN claimed that the PTI increased debt by over Rs13,000b in less than three years. One of our biggest problems is that we are happy to blame the governments but don’t strive to change ourselves. It is projected to go up to Rs4013 billion till end June 2018. when you will confront them they will say we were not allowed to operate.. You have to be a truly corrupt human being to keep on defending the thieves who have raped the country. On fiscal deficit, the average fiscal deficit was around 8 percent of GDP under the PTI led regime but it was standing at 5.6 percent of GDP. PTI vs PML-N: Some success for PTI govt on economic front The transfer to provinces had doubled and touched Rs1996.587 billion till fiscal year 2016-17. Opening case of Ayesha Ahad and summoning Shehbaz Sharif just when less than two months are left in elections is clearly pre-poll rigging. Hmain aur be aga Jana hai || PMLN government performance in 2013 to 2018 The masses would not be punished for the “economic crimes” of Imran Khan. Even the few but much publicised Langarkhanas are built by Seylani Welfare Trust, which also provides the food. I would love to give PML-N another chance. The government had planned to increase the public-sector development programme (PSDP) expenditure from 3.9 percent of GDP in 2012-13 to 4.6 percent by 2017-18. The federal government performed under the shadow of the 18th Constitutional Amendment that had devolved most of the social sector projects to the provinces. Compare this phenomenal growth with the PTI's first two years in power. (Source: Topline Securities). #welldonepmln, PIA will soon be back on track InshaAllah. She said substantial reduction in corruption and inflation witnessed during the eras of Nawaz Sharif and Shehbaz Sharif. Close to the end of its term, the government added around 11,000MW electricity to the national system with continuous power supply to the industrial sector. Nadia Hussain’s reel with Faisal Naqvi goes viral! How would you rate PMLN's Government Performance from 2013-2018? In PMLN govt 2013-18, the Inflation rate in the whole country was about 2.9%. The study aims to investigate the governance issues during regime of the Pakistan Muslim League-Nawaz (PML-N) from 2013 to 2018 in the lenses of the English Pakistani newspapers. Islamabad, Aug 2, IRNA - Former Pakistani PM Nawaz Sharif despite his disqualification by the Supreme Court, has had some achievements during his four years tenure and his party will continue with the same policies and try to complete the half done projects by 2018 elections. He focuses on federalism and fiscal reforms in Pakistan, and is currently at the IBA, Karachi. At its maximum, only one fourth of the total wheat production was procured by the government, in 2017. Economists and industrialists have given mixed ratings to the PML-N’s five years, deeming the party’s last year in office as the least successful. The PML-N says it will focus on increasing exports if it returns to power, but analysts warn, that it may not be enough. In 2017, Pakistan ranked 147 out of 190 countries on the World Bank’s ‘Ease of Doing Business Index’, a metric that measures how conducive regulatory and infrastructure environments are to allowing private enterprise to flourish. How would you rate PMLN's Government Performance from 2013-18, https://tribune.com.pk/story/1464298...anifesto-vows/, https://www.dawn.com/news/1411975/th...es-did-it-keep, If this is your first visit, be sure to @Aamir what has been achieved? text-align: center; 12 B in / tube wells Zero Load Shedding The cost of production in Pakistan is high compared to other countries, something which was not addressed adequately”, said Ghazanfar Bilour, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). About 29 more universities were set up in the past five years. The research design was a quantitative content analysis method and analyzing frames . In January 2018, PMLN government once again, tried to replace Shaheed Mohtarma Benazir Bhutto's picture . margin:0px auto; Now the economic performance of both the regimes is produced here and masses can judge their performance on the basis of hardcore numbers. He added: “They needed a magic wand to cure the economic ills.” Islamabad, Pakistan – When the Pakistan Muslim League-Nawaz (PML-N) party swept to power after general elections in 2013, chief among their promises was to turn around an economy in dire straits, revitalising growth and overcoming a chronic energy shortage that had crippled many industries. PDF Performance of the National Security Committee 2013-2018 - PILDAT The Pakistan Muslim League-Nawaz's government finished its term on May 31, 2018. Total transfers to provinces under NFC Award had touched to Rs973.67 billion from 2008-9 to 2012-13. So PMLN government took $42 Billion and paid $20 Billion. In a half civilised nation, they will never be elected or trusted again. In PTI's govt 2018-22, the inflation rate which was on 2.9% was increased to 12.2% in Imran Khan's government. According to a survey, the overall implementation of the PML-N manifesto remained above 50 percent in energy sector, law and order, employment, inflation, women and youth empowerment. The delimitations of constituencies carried out in the light of census 2017 became disputed. How would you rate PMLN's Government Performance from 2013-2018? We have added nearly 11,000MW of new power compared to 18,000MW in 66 years. New. You can not imagine the pathetic life in rural areas and specially Punjab and Sindh (Being the most prosperous and developed Province). This article seeks to explore the truth in the latter part of this statement. no tariff for K-Electric. If the populace cannot understand this, then they are way beyond help. It is important to note that low interest rates help reduce borrowing cost and encourage investments via bank borrowings. Details of foreign loans taken & repaid in PTI and PML-N regimes Reserves rise for a period, then they hit a peak, and then as they fall they do not autocorrect.”. The PML-N government ran record $ 20 billion deficits despite low commodity prices with oil averaging around $60 bbl. One can see the development in Lahore — water fountains on all major intersections where as people and children are dying of thirst in southern parts of the country. “During the tenure the quantum of our external loans and liabilities substantially increased. Total fiscal deficit stood over Rs10,000b in PTI’s three years versus Rs7,893 bn in PMLN’s five years. Food inflation remained low throughout PMLN’s five years. Development of Gwadar Port, Gwadar-Quetta and Multan-Karachi Motorway, completion of Lowari Tunnel, Katchhi Canal and introduction of e-technology in various departments in public sector are the projects the PML-N government can claim credit for them. 40 state of the art hospitals to be built in districts lacking health facilities across Pak. The Punjab government also claimed to have saved Rs 165 billion in the energy and other development projects. Fulfilling the commitment made in the manifesto, PML-N government had targeted to take overall power generation capacity to 37,272MW in five years, but it is estimated at 33,000MW by June 2018. So that leaves a lot of people wondering what happens if the government is not able to sustain this level of development spending?”. 5.35/ unit and provided a subsidy of greater than Rs. They couldn't even complete metro project that they promised to inaugurate in April which is still in initial stages. #پاکستان_2017_والا . “This is how it has always worked, for the last 20 years we have seen this pattern. Now the FBR was achieving double digit growth in the first 11 months of the current fiscal year and it was hoping to achieve its revised target of Rs4,691 billion till June 30, 2021. From around 3 percent, the growth went up to more than 4 percent in the first year and then witnessed a consistent growth over the five-year period, ending with 5.8 percent in its last year. It would be Pakistan’s 12th IMF programme in almost three decades, and came with conditions enforcing discipline on managing fiscal deficits and privatising state-owned entities, many of which were not fully met. Gas supply taken back. I would say good only because they took decisive action in Karachi. Food price inflation was also brought into check thanks to the government's Kisaan Package in 2015, which included benefits in terms of tax reduction on agriculture machinery from 45 percent to nine percent, reduction in sales tax from 17 percent to seven percent on cold chain machinery, tax holidays and mark up-free loans for farmers with less than 12.5 acres of landholding. The PML-N government in Punjab surpassed other provinces in terms of providing health, education and peaceful atmosphere apart from a quality infrastructure. May 17, 2022 Minister for Information and Broadcasting Marriyum Aurangzeb on Monday released a chart highlighting overall performance of both the Pakistan Muslim League-Nawaz (2013-18) and Pakistan Tehreek-e-Insaf (2018-22) governments. The external current account deficit rose to $14bn in the first 10 months of the 2018 financial year, a 50 percent rise from the same period last year. However, National Accountability Bureau (NAB) has taken up spending on the development projects and award of contracts by the federal and the Punjab governments. On average, the GDP growth remained 1.9 percent in the last three years, which was much below than average population growth of 2.4 percent on per annum basis in Pakistan. PML (N) or PML-N) is a centre-right and liberal conservative political party in Pakistan. “Exports of textiles and value-added products has reduced drastically — once the share of these items was more then 60 percent, but presently it is far less. The PMLN achieved provisional 5.8 percent GDP growth in the fiscal year 2017-18 but after PTI came into power, this growth figure was revised downward to 5.5 percent in finalised estimates. All of that means that there is a larger, familiar crisis on the horizon. When the prices of POL products are linked with international price then how the government can claim its performance if prices reduced or increased internationally.
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