Nawaz Sharif’s three tenures

Nawaz Sharif's government's forte was economy, economy and economy. His economic policies were aimed at boosting economic growth, creating job opportunities, and improving the overall standard of living of the people of Pakistan

Right now, the economy is the headache. All efforts by the government have gone to waste. In these desperate times, I thought we had better take a walk in the garden of the past governments of Nawaz Sharif when the economy was the big subject. Nawaz Sharif’s three tenures as prime minister – from 1990 to 1993, from 1997 to 1999, and from 2013 to 2017.

These three tenures are textbook case studies for governance researchers. During his tenure, he initiated various development projects and policies aimed at improving the economic and social conditions of Pakistan.

Many people remember that during his first term as prime minister, Nawaz Sharif introduced several initiatives to promote economic growth, including the privatization of state-owned enterprises, deregulation of industries, and liberalization of the economy. His government also invested heavily in infrastructure development, particularly in the construction of roads, highways, and power plants.

Those were the days when I was a college student. The roads were marked with yellow taxis.

Lately, I have not seen any taxis on the roads. Where have all of them gone?

During his second term, Nawaz Sharif continued his focus on economic development, launching several major infrastructure projects such as the Lahore-Islamabad Motorway and initiating a program to build new airports across the country. His government also introduced measures to promote investment and improve the business climate in Pakistan.

In his third term as Prime Minister, Nawaz Sharif again emphasized infrastructure development, launching the China-Pakistan Economic Corridor (CPEC), a major project aimed at improving transportation and energy infrastructure across Pakistan. His government also introduced several reforms aimed at improving governance, including measures to tackle corruption, increase transparency, and improve public services.

Despite these initiatives, however, Nawaz Sharif’s tenure as Prime Minister was also marked by controversy and criticism, particularly about his government’s handling of relations with India, and allegations of corruption. But those charges were never proved in any court of law.

Nawaz Sharif’s government’s forte was economy, economy and economy.

His economic policies were aimed at boosting economic growth, creating job opportunities, and improving the overall standard of living of the people of Pakistan. In this editorial, we will discuss some of these policies and their impact on the country’s economy.

The media hardly writes about CPEC. This project aimed to build a network of roads, railways, and energy infrastructure across Pakistan to connect it with China. The CPEC was a game-changer for Pakistan’s economy, as it brought in billions of dollars in investments, created thousands of jobs, and boosted economic growth. The CPEC also improved Pakistan’s strategic position in the region, as it provided an alternative trade route to the country, reducing its dependence on traditional trading partners.

Another important economic policy implemented by Nawaz Sharif is the launch of the Prime Minister’s Youth Loan Scheme. This scheme aimed to provide easy access to loans for young entrepreneurs to start their businesses. The scheme was a massive success, as it provided loans to thousands of young people, who were able to start their businesses, create jobs, and contribute to the country’s economic growth. The scheme also helped to boost the country’s overall entrepreneurial culture, as it encouraged young people to take risks and pursue their dreams.

Where has load shedding gone?

When he was handed over to the government in 2013, the country was facing more than eight hours of load shedding. Nawaz Sharif’s one of several achievements is improving the energy sector in the country. He initiated several energy projects, including the construction of new power plants, the upgrading of transmission and distribution systems, and the implementation of energy conservation measures. These policies helped to reduce the country’s chronic energy shortages, which had been a major hindrance to economic growth. The improved energy infrastructure also attracted foreign investors, who were now more confident about investing in the country.

I want to write about his “Vision 2025” plan, which aimed to transform Pakistan into a developed and prosperous country by the year 2025. I want to write about Nawaz Sharif’s “Investment Policy 2013” to create a business-friendly environment that attracts foreign investors. Let me take up those subjects another time.