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| Sikandar Hayat |
Published on Oct 28, 2014
The government’s strong mandate at the ballot box and progress on the economic and energy fronts mean it currently holds the political capital to forge policy unopposed. This capital will diminish, and the government’s capacity to drive its political agenda will evaporate, the longer it waits to address Pakistan’s other serious maladies, however.FDI is up and load-shedding is down during Prime Minister Nawaz Sharif’s government’s first 100 days. However, there has been little progress on resolving fundamental issues such as lack of security, growing budget deficits, high current account deficits and continuing heavy subsidies to the power sector and various public sector enterprises like Pakistan Steel Mills, PIA, Railways, etc.Foreign Inflows Jump:Prime Minister Nawaz Sharif’s first 100 days in office have seen a significant increase in foreign capital inflows.Pakistan has $105.4 million foreign direct investment (FDI) in the first two month of the current fiscal year 2013/14 compared to $52.4 million received during the same month of the previous year, according to a Reuters’ report. This is a continuation of the trend from the PPP government’s last year in office which saw 76% year-over-year jump to reach nearly $1.5 billion foreign investment in fiscal year 2012-13.
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