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Poor governance and low productivity per capita in comparison with other low to middle-income developing countries have contributed to a balance of payment crisis, where the country is unable to earn enough foreign exchange to fund the imports that it consumes. [5] Pakistan's economic crisis is the biggest crisis since its independence. [6] [7]
Pakistan's economy remains under severe strain due to a debt crisis, with the country facing challenges in repaying $1.2 billion in outstanding payments. [27] In Pakistan, inflation maintains its upward trajectory, as indicated by the most recent official data, which shows a year-on-year increase of 35.4% in the consumer price index for March 2023.
2 April – After the resignation of Buzdar, the meeting of the Punjab Assembly was convened on 2 April 2022 to elect a new Chief Minister. [4] Meanwhile Muhammad Khan Bhatti, Secretary of the Provincial Assembly said that the candidates would submit their nomination papers today while voting for the election of a new Chief Minister is likely to take place tomorrow or Monday.
The Pakistan Democratic Movement (PDM) has decided to not contest these by-elections as it believed them to be a waste of "funds, energy and time". Moreover, the Pakistan People's Party (PPP), the Muttahida Qaumi Movement – Pakistan (MQM-P), decided against participating in these elections, accepting suggestions from the PDM, their coalition ...
Adil Gillani, an advisor for TI Pakistan, observed in 2012 that if Pakistan checked the menace of corruption and ensured good governance, it would not require a single penny from the outside world. The 2008–2013 PPP-led coalition government was criticised as being the most corrupt in the country's history. [24]
Democracy and Governance in Pakistan. Lahore: South Asia Partnership — Pakistan, 2008. OCLC 276144654 [3] Also translated in Urdu: Pakistan mein Jamhuriat aur Governance (Lahore: South Asia Partnership, 2008) Role of Election Commission in Pakistan Politics, Lahore: South Asia Partnership, 2009; Kamran, Tahir.
The Government of Pakistan (Urdu: حکومتِ پاکستان, romanized: hukūmat-e-pākistān) (abbreviated as GoP), constitutionally known as the Federal Government, [a] commonly known as the Centre, [b] is the national authority of the Islamic Republic of Pakistan, a federal republic located in South Asia, consisting of four provinces and one federal territory.
During that period economy of Pakistan remained in poor shape and Pakistan had to go to IMF again for record third in the period of Bhutto government. [3] As per few sources, this was the most corrupt government in the history of Pakistan. This time Pakistan got an amount of US$294,690 (equivalent to $589,251 in 2023) on 13 December 1995. [3]