Mid-year Economic Review
The Government’s rhetoric expounding the economic miracle that they are supposed to have wrought in the space of a year and some is so different from the actual facts on the ground that when compared with the relatively moderate performance by the present regime, it comes out in bad light. Given that the economic morass we had descended to in 1993 due to the political freeze, for which the present regime has to accept a major share of responsibility because it was the gridlock of administration that they, as the then Opposition, used as a modus operandi to bring down the Nawaz Sharif government, we are not in as bad a shape as we could be, again relatively speaking. The general performance of the economy is considerably short of the over-ambitious expectations and targets, that is the major reason for the increasing loss of confidence in the policies of the Government of Pakistan (GoP). Four areas can be highlighted to give a comprehensive overall economic review, viz. (1) Growth, GDP and Production (2) Public Finance (3) Relations with IMF and lastly but most important (4) Inflation and Prices.
