PERFORMANCE OF PAKISTAN MUSLIM LEAGUE N 2013-2018

Ayesha Pervaiz

PERFORMANCE OF PAKISTAN MUSLIM LEAGUE N 2013-2018

In June 2013, the official unemployment rate in the country was 6.24 per cent, but due to growing joblessness, the government has not announced unemployment figures for the last two fiscal years, it will be included in another way to join showed a State Bank of Pakistan report. The literacy rate, which was 60 per cent in 2013, actually it could be understood, slipped to 58 per cent in June 2016. Figures for the current year have not been released yet. Health expenditure, it’s not easy to convert another process which stood at a meager 0.56 per cent of total national output in 2013, has been decreased even further to 0.46 per cent in June 2017, according to the SBP’s annual report on the state of the Ministry of Finance has prepared  to circulate the system comparative performance of last five years and also  during the PML-N led regime, for purpose of showing that the prices of petroleum right way to declare all announcement products deduction reduced significantly level of community  as price of petrol come down from Rs106 per liter on March 1, 2013 to Rs88.07 per liter on March 1, 2018.

According to comparison to the other level of the scheme of government done by the Ministry of Finance and available with The News, other institutions many Power gaining plant the price of diesel price automatically reduced from Rs113.56 per litre on March 1, 2013, to Rs98.45 per litre on March 1, 2018. The price of kerosene oil originally came down from Rs103.69 per litre on March 1, 2013, to Rs76.45 per litre on March 1, 2018. However, the finance work the Ministry did not explain that how much workload can bear the prices of petroleum products reduced in the community level international market. When the prices of POL products are linked with the international price then how the government easily can claim the all personal its performance if prices reduced or increased internationally. The government claimed that the debt to GDP ratio stood at 60.2 per cent of GDP in 2013 which surely workload increased to just 61.6 per cent by 2017.

The Ministry of Finance accepted they did not explain the whole work that the definition of debt was changed strongest point and external liabilities were excluded from the definition of debt under amended get point to use Fiscal Responsibility and Debt Limitation Act approved by the Parliament. Total transfers very highly provide to provinces under NFC Award had touched to Rs973.67 billion from 2008-9 to 2012-13. The transfer to provinces had doubled searchable common factor and touched Rs1996.587 billion till the fiscal year 2016-17. Now it is expected that this significance major point will surely give us result transfer of resources may go up to Rs2400 billion till end June 2018. The country’s GDP growth went up from 3.68 per cent in 2012-13 to 5.28 per cent in 2016-17 and average growth rate remained at 4.7 per cent in last five years. The industrial growth on average increased from 1.2 per cent from 2008-9 to 2012-13 to 5.13 per cent from 2012-13 to 2016-17 period.

The large-scale manufacturing which stood at 0.32 per cent on average from 2008-9 to 2012-13 to 4.15 per cent on average from 2013-14 to 2016-17. The services sector growth on average stood at 3.6 per cent from 2008-9 to 2012-13 to 5.09 per cent on average from 2013-14 to 5.09 per cent in 2016-17. The inflation which stood at 7.36 per cent in 2012-13 to 4.16 per cent in 2016-17. The FBR’s revenues went up from Rs1946 billion in 2012-13 to Rs3367 billion in 2016-17. It is projected to go up to Rs4013 billion till end June 2018. The development spending has been increased from Rs343 billion in 2012-13 to Rs733 billion in 2016-17. The budget deficit was brought down from 8.2 per cent of GDP in 2012-13 to 5.8 per cent of GDP in 2016-17.

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