The Pakistan Muslim League (Nawaz) ( Urdu: پاکستان مسلم لیگ (ن), romanized : Pākistān Muslim Līg (Nūn) abbr. The writer did not bring the darker side under the limelight. The targeted share of 7 percent of green energy in total power generation could only be increased from 0.5 percent to 5 percent. What happened to the super high end service by PIA and #Brand Nawaz Sharif, "Too often we... enjoy the comfort of opinion without the discomfort of thought"-JFK. Would be interesting to do a similar assessment of PTI for KPK. The circular debt was much lower under the PMLN but now it was moving towards Rs2,500 billion till end June 2021 despite raising power tariff several times. So PIA was also going to be back on track? 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. The macroeconomic legacy of PML-N government is comprises the following: • Massive external current account deficit. Food inflation has remained above 10pc almost every month for the last two years. Whoever comes to power later this year will have to keep this statistic in mind. After more than three months of taking oath, the PML-N Government held a meeting of the Defence Committee of the Cabinet (DCC) and decided to reconstitute the DCC into the Cabinet Committee on National Security (CCNS) on August 22, 2013 (78 days after the Prime Minister took oath on June 1). Islamabad: Ministry of Finance has prepared comparative performance of last five years during the PML-N led regime, showing that the prices of petroleum products reduced significantly as price of petrol came down from Rs106 per liter on March 1, 2013 to Rs88.07 per liter on March 1, 2018. If the populace cannot understand this, then they are way beyond help. CPEC, being a $46billion Chinese investment project, was a welcome plan, but $1.65 billion Chinese loans for the construction of the metro train did not correspond with the party pledge of minimising burden of foreign debts on the national economy. “[Pakistan’s] growth has been accompanied in the past 18 months with an increase in macroeconomic imbalances,” says the World Bank’s Armos. —Strengthen the procurement programme to ensure all farmers receive the guaranteed support price for grains and improve arrangements for storage and subsidised distribution to ensure relative price stability throughout the year. right? According to comparison done by the Ministry of Finance and available with The News, the price of diesel reduced from Rs113.56 per liter on March 1, 2013 to Rs98.45 per liter on March 1, 2018. But the PML-N government is found hectically looking for the buyers to sell these national institutions which are under a debt burden of around Rs 1,000 billion. The party had promised construction of Diamir-Bhasha and Munda dams, but no headway was made on them. —Budget deficit will be brought down to four percent of GDP. Going slow would have kept the growth rate low while nearly two million young people enter the job market every year. They did not give due attention to small and medium-sized enterprises and water crises were not addressed,” said Dr. Athar Ahmed, senior economist. The government initiated several coal-fired plants in places such as Sahiwal, Port Qasim, Jamshoro, Faislabad, Mianwali and DG Khan; a solar park in Bahawalpur; and wind farms in Sindh. Although the promises have not been met exactly but I think PML-N government has made an applauding effort. Similarly, the services sector grew at an average pace of 5 percent against the set target of 5.8 percent although State of Bank of Pakistan retained the industrial interest rate at 4.75 percent. Al Jazeera Centre for Public Liberties & Human Rights. The trade deficit was 30.9 billion dollars in PML-N era, while it jumped to 43 billion dollars in Imran’s era. All of that means that there is a larger, familiar crisis on the horizon. At the end of PML-N tenure in 2018, she said GDP growth rate was at 6.1 per cent, but Imran brought it to negative which was now expected at 4 per cent. He is being held responsible for the economic problems of the country. The PMLN claimed that the PTI increased debt by over Rs13,000b in less than three years. PMLN- Hits and misses: PML-N’s record, 2013-2018. Naseeruddin Shah says he uses Filmfare trophies as washroom door handles, Nawazuddin Siddiqui recalls being roughed up on set, LHC orders release of Shah Mahmood Qureshi, May 9 rioters to face due process of law: PM: Budget to focus on public welfare, Pakistan, Iraq agree to strengthen bilateral ties, SC can’t interfere in economic matters: CJP, Gold price declines by Rs.1,000 to Rs230,400 per tola, ECC approves over Rs 422bn supplementary grants, Railways earn Rs. Under the five-year plan, fiscal deficit was to be brought down to 3.5 percent of GDP, but a conservative estimate put the current year’s estimated budget deficit at 5.5 percent of GDP, which means the government would need more borrowings to run its business. However, the addition of $42billion foreign loans, which increased the total debt burden on the national economy to $ 90 billion, record unfavourable balance of trade, which was estimated at $21 billion exports against $55bilion imports over the last five years and all-time low value of rupee against dollar (Rs116/dollar) which added another Rs eight trillion to the national debts, over Rs 500 billion circular debts on energy and increase in non-development expenditure put a big question mark on the economic progress claims of the government. Economic growth was extremely slow when the PML-N came in power in 2013. 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. 1: no price increase for consumers using 300 units a month. The government did consistently improve the tax-to-GDP ratio, but still wasn't able to achieve what it promised in its manifesto. In the end, there is no proof in the spending budget that shows that the government actually built any of the houses it had promised. Pathetic!Failed to make improvements in healthcare and there are still 10 million out-of-school children in Punjab. 125 B in power subsidy to the poor in 2018 Lowered agricultural / tubewell tariff from Rs. Considering these factors PML(N) did a good job. One of the worst performance areas was tax reforms. The net primary enrollment ratio was supposed to be 100 percent in five years, which also remained below the target. —To implement the Right to Food policy, the government will formulate, in consultation with the provincial governments, a National Strategy for Food Security to achieve an average agricultural growth of at least 4 percent per annum in the next decade, evolve an equitable system of food procurement and distribution, improve the access of poor households to food at affordable prices and evolve a transparent system of safety nets for very poor households. The Pakistan Muslim League-Nawaz's government finished its term on May 31, 2018. 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) 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. It looks PMLN either full fill all of its promises or tried to fulfill. He focuses on federalism and fiscal reforms in Pakistan, and is currently at the IBA, Karachi. World Class Infrastructure - PMLN However, supply of clean water to all in the province and creation of new jobs for educated and skilled youth produced under the new programme remained a dream. The government somehow managed to build confidence of the private sector, but it was still not up to the mark. In PTI's govt 2018-22, the inflation rate which was on 2.9% was increased to 12.2% in Imran Khan's government. —Through reforms in the Federal Board of Revenue and the tax system, the PML-N will strive to improve the tax-to-GDP ratio to 15 percent by 2018. @Nabeel Ahmed can you please share your analysis on each Provisional Government as well. Nice detail work.. just a small question.. year on year Pakistan dependence on import vs. export spread is constantly growing.. in the month or so.. rupee has dramatically lost in open currency market. 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Can you be more precise on the energy stats? In spite of all the narrative building, all the PTI will achieve after three years is a 1pc increase. (Source: Topline Securities) . no tariff for K-Electric. The minister said fiscal deficit stood at Rs 2,260 billion when the PML-N tenure ended in 2018 and it climbed to Rs 5,600 billion by the time the PTI regime was removed. “They have succeeded in restarting growth and […] in executing some mega projects, and in activating CPEC,” says Khurram Husain, an economic analyst and journalist. You have to be a truly corrupt human being to keep on defending the thieves who have raped the country. The average industrial output stood at 5.1 percent as against the targeted 6.3 percent. @Zack Khan What is PTI performance in KP? Your right to know PM has approved construction of 1000 schools in KPK, costing 8 billion in districts Shangla, Kohistan, Battagram, Abbotabad & Mansehra. Gas supply taken back. PML-N govt comparative performance of 5 years prepared One of our biggest problems is that we are happy to blame the governments but don’t strive to change ourselves. Claims to bring about US$20 billion for the energy sector were a reach. Latest News CPEC, an economic corridor project that links southwestern China to the Arabian Sea through Pakistan, has spurred huge spending on development projects, coming with $36bn in loans to construct a series of power plants across the country. Not allowing Chineese to invest in Karachi and fast track processing of investments in Punjab. The external current account deficit reached $ 18 billion in FY2018 (5.8% of GDP), which is the highest ever in the country's history in absolute terms. “Deterioration in external account, increasing external debts and liabilities, poor performance of distribution companies, mounting circular debt, failure to privatize and reduce losses of public sector enterprises (PSEs), high reliance on indirect taxation, high fiscal deficit, artificially inflated Pakistan rupee against the USdollar, and less spending on health and education were the areas where PML-N missed its targets”, said Muhammad Sohail, senior analyst and CEO of Topline Securities. What about circular debts? Humaima creates buzz with latest Instagram post, Rahat Fateh Ali Khan’s song ‘Ankhain’ surpasses 100 million views. Regrettably PML(N) grossly failed to accomplish its claimed targets. 40 state of the art hospitals to be built in districts lacking health facilities across Pak. 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. This article seeks to explore the truth in the latter part of this statement. The government did increase spending on education and health, but only marginally so. Noora Goverment was almost certainly multiple times worse than PPP. Investor Information The current account deficit was brought down from deficit $20 billion into surplus so far in the current fiscal year. Peace has returned and GDP growth has increased from 3 percent to 5.8 percent highest in last 13 years. Total fiscal deficit stood over Rs10,000b in PTI’s three years versus Rs7,893 bn in PMLN’s five years. (Image taken from Ahsan Iqbal’s Twitter account). “We’ve brought in growth and stability to Pakistan, so that big promise that we made, that has actually happened.”. During PPP rule, Pakistan was one of the most dangerous countries in the world and they have done well to recover from that. Election 2018: PML-N promises to ultra-modernize economy 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. They were productive to meet the energy and infrastructural needs of the country, particularly development of the Gwadar deep seaport. text-align: center; According to an internal Planning Commission report prepared to set the target for next five years (2018-23), the PML-N government failed to meet all major macroeconomic and social targets set in the 11th Five-Year Plan. As a result, the PML-N was able to reduce food price inflation. This PML-N government was a best in the last 3 decades, least to say. Taylor Swift Used Matty Healy As Rebound After Joe Alwyn Breakup? A visible progress was also seen on bringing down the inflation to single digit, which was mainly because of the overall low global inflationary environment. Without PML-N, any other government will have to first educate itself about the background of each project and naturally the momentum will break,” said Ahsan Iqbal, who played a leading role in the implementation of CPEC projects. May 02, 2018 National LODHRAN-Deputy Commissioner Raja Khurram Shehzad threw light on 10-year performance of the PML-N government in Lodhran district during an exclusive talk with The Nation here the other day. He added: “They needed a magic wand to cure the economic ills.” Finance Minister Ishaq Dar, father-in-law of Nawaz Sharif’s daughter, Asma, is facing NAB cases wherein the trial court has declared him a proclaimed offender. Abdullah Malik on Twitter: "#پPeople only need 2017th Pakistan back ... 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. In the third year of PTI led regime, the size of GDP growth increased to $296 billion in 2020-21. Khurram Dastgir was appointed as defence minister when Khawaja Asif was made foreign minister. However, in the last year exports have shown promising rise,” Iqbal said in a response to a question asking him about PML-N’s record. How would you rate PMLN's Government Performance from 2013-2018? Prime Minister NS determined to restore its lost glory. This, however, is more than sufficient to meet the current energy needs of the country. Infrastructure Performance 2013-2018 ELECTRICITY More Power to the Poor Provided Rs. The PML-N ruled the Centre and Punjab and made achievements in economic development, foreign policy, energy, agriculture, industry and water, providing the baseline to assess what it actually did for the people. The rule of a single party tantamount to fascism and autocracy, she said. Economic performance in 4-year report card, failing grade for PML-N. ZERO so you assumed that it will perform better. I would love to give PML-N another chance. The PTI led regime achieved 2.1 percent growth in 2018-19, which got contracted to negative 0.47 percent in 2019-20 after eruption of Covid-19 pandemic and now the provisional GDP growth is estimated at 3.94 percent for 202-21. She said electricity tariff per unit was Rs 11 in 2018, but it reached to Rs 25 at the end of PTI tenure, and gas price per mmbtu in 2018 was Rs 600 and in April this year it reached Rs 1400. The statistical chart draws a comparative analysis of both the parties, summing up the tenure of PML-N as a period of high economic growth, low inflation and unemployment rates, reduction in poverty, corruption and debts, increase in tax collection, and drop in the trade and fiscal deficits. These are one-off productive investments and boost our growth,” Iqbal added. Some of those power plants have already begun to come online, bringing reductions to rolling power blackouts that have plagued the South Asian country for years. Sustainable Economic Growth - PMLN - Pakistan Muslim League The federal government's goal to procure food grains from all farmers to ensure they all receive a guaranteed price was unrealistic from the start due to the simple fact that such an endeavour would have been too costly. Total transfers to provinces under NFC Award had touched to Rs973.67 billion from 2008-9 to 2012-13. Mr. Asad Umer: (a) Government obtained foreign loans amounting to US$ 42.1 billion during July 01, 2013 to March 31, 2018 while repayments were recorded at around US$ 20 billion during this period. But actually the PSDP allocation by the end of tenure remained around 2.8 percent of GDP. The masses would not be punished for the “economic crimes” of Imran Khan. 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. In 2014, foreign investment stood at US$4.44 billion, with a 36 percent reduction in the subsequent year to US$2.83 billion and consistent declines thereafter. 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. Share your expertise with us at blog@dawn.com, Asim Bashir Khan is an economist and has previously served the government of Sindh on energy, investment, trade, public policy, and reforms. 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 The rise in consumption, Hussain points out, has not been accompanied by a rise in investment in the private sector, leading to a growth trajectory that may be inordinately dependent on the government. The government closed the fiscal year 2016-17 at a record deficit of $12.1 billion, equal to 4 per cent of the GDP. 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. She said Nawaz Sharif reduced poverty, unemployment, and loadshedding, and rooted out the scourge of terrorism. Copyright © 2023. 8.35/ unit to Rs. In the five years, average GDP growth could not exceed 4.4 percent. The development spending has been increased from Rs343 billion in 2012-13 to Rs733 billion in 2016-17. They are the only ones now that can improve Pakistan as PPP are only interested in their own welfare and PTI is capable of doing nothing. Increasing inflation was against the manifesto and tradition of PML-N, she added. 1. One kilogram ghee was available at Rs 151 per kg in 2018 but its price was Rs 470 when the PTI government was sent home. when you will confront them they will say we were not allowed to operate.. That’s more than half of all the debt added by all governments in 71 years. Khawaja Asif was appointed defence minister when the SC summoned Nawaz Sharif in a case in his capacity as defence minister. On the development front, the government’s performance sounded more of cosmetic than real as it revolved around infrastructure developments that too remained centric to the big cities of Punjab, mainly Lahore. 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. 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Very balanced analysis. Accurate analysis, overall performance of PML-N was much better than previous governments. The government did not touch that part of the manifesto which had promised the establishment of a commission for paving way for the creation of Bahawalpur, South Punjab and Hazara provinces. “We understand the importance of reserves and the importance of being liquid, even before the [loans] we took a currency devaluation in December and again in March,” Ismail told Al Jazeera, speaking before a further devaluation took place in June. The PML-N made bold claims in its 2013 manifesto. How many of those ... In PMLN govt 2013-18, the Inflation rate in the whole country was about 2.9%. The manifesto promised to revamp Pakistan Steel Mills and Pakistan International Airlines (PIA), the two major state institutions that are in a deep crisis for a variety of reasons. Therefore, net mobilization of foreign loans was US$ 22.1 billion during the stated period. PML-N rule: A story of gains and pains - The Nation (adsbygoogle = window.adsbygoogle || []).push({}); Home In line with the manifesto, the PML-N government at the centre and in Punjab initiated a number of power generation projects to end loadshedding. No wonder why so many people are dying of heatstroke. Sustainable Economic Growth Sustainable Economic Growth Performance 2013-2018 ECONOMY Achieved resounding growth without inflation Maintained approximately 5% economic growth, reaching 5.79% in 2018 Expanded the economy by more than 50% from Rs.22,385B to Rs. Unfortunately it is unrealistic to expect the population to have an objective assessment. Similarly, the government could not reverse the deteriorating fiscal and administrative performance of state-owned enterprises. 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. an independent think tank has said that the incumbent government underperformed during the ongoing tenure and failed to fully implement its election manifesto on the .
