ISLAMABAD – As Pakistan is heading to its next poll, Pakistan Muslim League-N led by Nawaz Sharif, is likely to win the upcoming elections and now Bloomberg Economics said Pakistan’s economy remained best under Nawaz Sharif.
Sharif, who arrived in Pakistan, ending four years of self-imposed exile in London, is rallying across the country, wooing supporters ahead of parliamentary elections due next month.
In its report, Bloomberg said during the last three decades, the PML-N chief managed the economy of the fifth most populous country in the best manner. It termed Nawaz Sharif’s economic performance best as compared to other political leaders.
PML-N, who ruled the country of 240 million three times, performed better than PTI and Pakistan Peoples Party (PPP) in economic woes.
The report mentioned a misery index for the Asian nation and said an informal PML-N scored better than Imran Khan and Zardari’s parties. The report based its findings on an index analyzing inflation and unemployment rates.
It said averaged the Misery Index values during each party’s rule since the 90s, suggesting that PML-N had the lowest score at 14.5pc, followed by PTI at 16.1pc, and PPP at 17.2pc – with a higher score indicating more economic challenges.
It however said Imran Khan remained the most popular politician with a 57pc approval rating, while Sharif’s ratings moved up from 36pc to 52pc in the last 6 months.
The report maintained that Pakistani currency performed poorly, along with low foreign exchange reserves. It said country depends on International Monetary Fund (IMF) bailout, requiring the new government to implement potentially unpopular measures like subsidy cuts and tax hikes.
