Pakistan's Economic Performance under IK in 4 graphs:
I could go over 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.
I could go over 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, ordinary consumers.
According to the PBS data, the trade deficit widened by 11.6 percent on a month-on-month basis from $3.087 billion in February 2022 to $3.446 billion in March 2022. The country’s exports declined by 2.8 percent on a month-on-month basis in March 2022.
propakistani.pk/2022/04/04/pak…
propakistani.pk/2022/04/04/pak…
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