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Land Reforms
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Fact Sheets on PPP’s Achievements The present Government has no option but to hold the election in Oct. next year. A wilful campaign in the Press and TV is being carried out maligning the role of the politicians that the incidence of poverty increased when they were in power (1989-99). It is also alleged that substantial amounts of foreign aid came during the period but they were misused and misappropriated by the politicians and their cohorts. While I intend to write separately very soon on the above two cases, it is high time that we must set the records straight. PP’s leaders and workers need to be briefed and guided so that they can tell the truth to the voters and argue with confidence with their political adversaries, hence the need for these fact-sheets.
Five specific facts:
(i) Quite admittedly, there have been some unscrupulous politicians but so has been the case with some Generals, Bureaucrats and Business Leaders. To blame the politicians as a class for the economic ills of the country is unwarranted, unjust and misdirected. (ii) During 1989-99, there has been nine Governments (four caretakers, two PP’s, two PML and present military Government.) the PP’s and PML Governments were not allowed to complete their respective terms. Sound and effective policy framework and its implementation can not take place in a changing political scenario. While I have strong reservations on the economic priorities of the second PML Government, the investment and business friendly policies of the PP Government, based on increasing income and employment of the common people could not be fully implemented under such changing conditions. (iii) The fact-sheets unmistakably prove that economic nose-dive started after the unjust dismissal of the PP Government in Nov. 1996. Since then the actual performance of the economy continue to be dismally poor. Wrong economic priorities, Mughal style projects, misconceived economic policies, lost of investors confidence and freezing of FCAs, are some of the examples of the last PML Government which contributed to the economic nose-dive. Hurriedly half-baked policies of the present Government are also responsible for the catastrophe. Despite the big claims of the present Government, the economy continues to be in a bad shape. The overall economic growth rate was 3.5 and 2.5 percent in 1999-2000 and 2000-2001 respectively as the lowest in the decade of the nineties. (iv) The incidence of poverty did increase after Nov. 1996 because of four primary reasons: (i) Low and falling GDP growth rate; (ii) falling income and increasing un-employment; (iii) substantial increase in prices of utilities; and (iv) the imposition of 15% GST whose impact on the middle and low income groups have been economically most severe. (v) The fact-sheets prove that during PP’s regime (1993-1996) GDP growth rate was highest, agricultural growth rate was highest, investment growth rate was highest, foreign investment was highest and gross fixed capital formation was highest. Total unemployed labour force was much lower than during 1997-2001. There was quantum jump in collection of Federal Tax Revenues. fiscal deficit was lowest and domestic debt was half of the present regime. Workers remittance, exports and foreign exchange reserve, all these were highest.
PPP’s Achievements during 1993- 96
* (During
First PP Government 1989-90 the total number of secondary/vocational
school was 929)
Source:
Economic Survey – 2000
Pakistan
Statistical Yearbook – 2001 PAKISTAN’S FOREIGN AID PROFILE
Disbursements
of Foreign Economic Assistance
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