Pakistan’s Economic Performance under IK in 4 graphs:
We could go for a list of indicators but for now, 4 will suffice:
1) GDP per capita: Even by Pakistan’s dismal economic standards, IK’s regime was truly exceptional: GDP per capita FELL after a very long time.
2) Unprecedented Inflation: ALL quintiles experienced RAPID inflation (including food inflation). Thus, with a falling GDP per capita (figure 1) and increasing prices, Pakistan essentially experienced a stagnating economy with rising prices: another historic achievement of IK.
3) Currency depreciation: The PKR plummeted and tanked to unbelievable levels.
4) Investments and Equities: Pakistani stock market indices have STILL not reached their levels in 2017. In short, the period was terrible for everyone: investors, workers, industrialists, and ordinary consumers.
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