Not to forget, it was Musharraf who had left the country’s lest its resources on the war on terror for years and budgets to come meaning the exchange rate dollar to Pakistani rupee was 1 to 65 for not very long until its correction to around 100 soon after he left.
AND AGAIN. Then came PPP and PMLN. Debt increased to $96 Billion. Our problem with PTI is that it campaigned that they will implement new taxes on people but they will take money from the corrupt mafia. And the Govt. needs to improve its business strategy and earn something. Not lose extra bucks on Peshawar BRT. 2.3 Billion PKR per KM. Duh?
State Bank has released its yearly report on the economy of Pakistan. The figures confirm a continuing economic downturn. Our GDP growth went from5.5% in 2017/18 (PMLN’s past year) to 1.9% in 2018/19 and -0.4 % last year 2019/20. This coming year too the government expects GDP growth to be 2 percent and World Bank forecasts an anemic 1 percent. Given our population increase rate of 2.4 percent, in each one of the three years, PTI will create Pakistanis poor on average by 0.5percent (18/19), 2.8% (19/20), and 1.4% (20/21).
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