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In June 2023, the Pakistani government unveiled an "Economic Revival Plan" according to which, plans on investments in key areas of production such as on agriculture, mining, Information Technology, defence and the energy sector were discussed. [58] PM Shehbaz Sharif also lauded China for assisting his country in the current economic crisis. [59]
The Pakistani leader of opposition, Omar Ayub and his party, the Pakistan Tehreek-e-Insaf have accused Shehbaz Sharif of corruption, and his formation of a government ministry as rigged and fraudulent. Imran Khan, Omar Ayub, and the PTI have accused Shehbaz’s first and second government of poor governance, corruption and fascism. [78]
The Pakistan government spent over 1 trillion rupees (about $16.7 billion) on poverty alleviation programs during the past four years, reducing poverty from 35% in 2000–01 to 29.3% in 2013 and further to 17% in 2015. [56] Rural poverty remains a pressing issue, as development in those areas has been significantly slower than in major urban areas.
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.
Pakistan's election commission has questioned the neutrality of the country's caretaker government tasked with holding national elections, saying it appears to be aligned with the opponents of ...
The Reko Diq case, officially known as the Tethyan Copper Company Pty Limited v.Islamic Republic of Pakistan is an ongoing legal case between the Government of Pakistan and the Tethyan Copper Company (TCC) over breach of the Australia–Pakistan Bilateral Investment Treaty (BIT) and illegal denial of mining rights to TCC at the Reko Diq Mine in Chagai District, Balochistan.
Asad Baig, a media strategist at Dawn News said that “The government’s actions reek of authoritarianism, stifling dissent, and silencing voices in the name of maintaining control.” [145] Several condemnations of the ban were also exchanged by many non-governmental organizations.
The momentum and demands for denationalisation gained currency towards the end of the government of Prime minister Zulfikar Ali Bhutto and Pakistan Peoples Party who under intensified their nationalisation programme had effectively the government-ownership management in the private industries of Pakistan; it had built a strong public-sector with priority on cement, steel and fertilizers. [8]