How did Imran Khan manage to undo all of Nawaz Sharif's good work so quickly?

[Sher Khan]

Pakistan's GDP growth rate had touched 5.84 percent under the government of Nawaz Sharif. Whether you like him or not, he fulfilled his election promises which were to build motorways, the metro bus project and loadshedding also significantly reduced during his tenure.

He borrowed much less than Imran Khan's PTI government and without going into stats it's not hard to see just how much more competent he was as a Prime Minister.

After PTI took over, the following year in 2019 the GDP growth rate was a meager 0.99 percent(this is the pre-covid year I am talking about). I know Pakistan got an IMF bailout and their were restrictions placed, etc. But that is a huge drop as the GDP rate then went into minis figures in 2020. This is probably forgivable due to covid.

But how did Imran's government so quickly undo Nawaz's good work?

 

[Manunited18]

Lol.

A once in a lifetime Pandemic.
World wide soaring inflation, all this in the time he governed. Even then he excelled in things that helped the Awaam.

 

[Hextro]

Pakistan's GDP growth rate had touched 5.84 percent under the government of Nawaz Sharif. Whether you like him or not, he fulfilled his election promises which were to build motorways, the metro bus project and loadshedding also significantly reduced during his tenure.

He borrowed much less than Imran Khan's PTI government and without going into stats it's not hard to see just how much more competent he was as a Prime Minister.

After PTI took over, the following year in 2019 the GDP growth rate was a meager 0.99 percent(this is the pre-covid year I am talking about). I know Pakistan got an IMF bailout and their were restrictions placed, etc. But that is a huge drop as the GDP rate then went into minis figures in 2020. This is probably forgivable due to covid.

But how did Imran's government so quickly undo Nawaz's good work?

Exports:

PPP increased Pakistan's exports from $20.2 Billion to $25.1 Billion in 5 years. That's an average increase of $0.98 Billion

PMLN decreased Pakistan's exports from $25.1 Billion to $23.6 Billion in 5 years. That's an average decrease of $-0.3 Billion every year.

PMLN also increased CAD(current account deficit) from $3.13 Billion in 2014 to $19.2 Billion in 2018 despite recode low commodity and fuel prices.

PTI increased Pakistan's exports from $23.6 Billion to more than $31.2 Billion in 3.5 years. That's an average increase of over $2.17 Billion.

GDP growth:

In 2021 Pakistan's GDP grew by 5.6%(this has been confirmed by the IMF)

PMLN almost defaulted Pakistan's economy due to its import-oriented 'growth' policies, PTI on the other hand has an export-oriented policy.

The main problem PTI faced in 2021 and 2022 was the recode high fuel prices worldwide which caused our CAD to increase, in fact, if you remove fuel imports from our total imports you'll see that we actually have a non-fuel surplus.

The following happened in Imran Khan's government last month:

1. Highest ever goods exports 3BN$+
2. Highest ever remittances 2.8BN$+
3. Highest ever IT exports 259MN$
4. Imports 0.5BN$ lower than June 2018

Also: many new industries are about to start/complete expansion, this is happening very rarely. Trend is expected to continue.

 

[Hextro]

Exports:

PPP increased Pakistan's exports from $20.2 Billion to $25.1 Billion in 5 years. That's an average increase of $0.98 Billion

PMLN decreased Pakistan's exports from $25.1 Billion to $23.6 Billion in 5 years. That's an average decrease of $-0.3 Billion every year.

PMLN also increased CAD(current account deficit) from $3.13 Billion in 2014 to $19.2 Billion in 2018 despite recode low commodity and fuel prices.

PTI increased Pakistan's exports from $23.6 Billion to more than $31.2 Billion in 3.5 years. That's an average increase of over $2.17 Billion.

GDP growth:

In 2021 Pakistan's GDP grew by 5.6%(this has been confirmed by the IMF)

PMLN almost defaulted Pakistan's economy due to its import-oriented 'growth' policies, PTI on the other hand has an export-oriented policy.

The main problem PTI faced in 2021 and 2022 was the recode high fuel prices worldwide which caused our CAD to increase, in fact, if you remove fuel imports from our total imports you'll see that we actually have a non-fuel surplus.

The following happened in Imran Khan's government last month:

1. Highest ever goods exports 3BN$+
2. Highest ever remittances 2.8BN$+
3. Highest ever IT exports 259MN$
4. Imports 0.5BN$ lower than June 2018

Also: many new industries are about to start/complete expansion, this is happening very rarely. Trend 📈 is expected to continue.

Also, I'm only referring to goods exports, if we also include services exports the difference between PTI and PMLN would get considerably larger.

Total exports(goods and services) this year are likely to be $40 billion, and total exports(goods and services) next year are likely to be around $50 billion.