Stagnate Economic Analysis of Regime Change & Administration shuffling Impact on Pakistan economy
Journal Title: Pakistan Journal of Economic Studies - Year 2023, Vol 6, Issue 1
Abstract
Pakistan has faced a political instability since its creation. The country remains under the undemocratic dictatorship of Military rulers for more than three decades. This has made it difficult to strengthen the democratic values and system of the country. Like every other country, the political instability in the country upset the trust of investors and also put bad impacts on the performance of stock market. Although Pakistan performed economically well during Musharraf regime, the economic indicators told that after that Pakistan faced a decline in economic growth, this decline was countered after the merger of stock exchange in 2016 and after that in 2017, Pakistan stock exchange was awarded as best performing stock exchange of Asia. The amount of FDI increased significantly, exports and other economic factors such as GDP growth at 6 percent was a remarkable of achievement of PTI led government. But soon after change of regime in Pakistan, country faced several economic and political problems which leads towards a severe economic crisis, resulting the threats of being on the edge of default. The current study, analyzed the basic empirical data of economic performance of both PTI led and PDM led governments and tried to established an opinion that the regime change has negatively impacted the economy and also it has damaged the economic growth of Pakistan.
Authors and Affiliations
Muhammad Ali, Muhammad Waqar Naeem, Zubair Ahmed, Muhammad Hassan Iftikhar
Keywords
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