Sayem Ali digs into PML-N’s chest thumping rant “most experienced economics team” Sayem has obliged us with a good a holistic factual comparison of the economic performance of PML in the two stints they have been in power – to show that it is dismal even racked against the economic tenures of Zia, Musharraf, BB’s two tenures
“The SBP Handbook of Statistics 2010 shows that the Nawaz Sharif government’s economic performance was the worst amongst all civilian or military government in Pakistan’s.
Average growth during Nawaz Sharifs two stints in power was only 4.1%, which is significantly lower than Ziaul Haq (5.9%), Musharraf (5.1%) and even lower than Benazir Bhutto’s two stints in power (5%)
PMLN performance was not only bad but it also deteriorated during Nawaz Sharifs second stint in power during February 1997 to October 1999. The economy expanded at only 3.1 percent during this time, which is the lowest pace of growth for any government on record.
To give you perspective it is exactly as bad as the performance of the current PPP led government, with average growth of 3.1 percent between FY09 to FY13. So while the PML-N rightly criticises the dismal performance of President Zardari’s five years in power, it compares its own equally woeful performance with the Asian Tigers?
.. With by far the worst performance of any civilian or military government, the ‘experience’ of the PML-N’s financial wizards is exactly the reason why Nawaz Sharif should replace them immediately”
LINK: PML-N’s financial wizardry – Sayem Z Ali
- shared on Facebook by Awab Alvi