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Pakistan’s new government makes economy its top priority

Posted on May 14, 2013

The newly elected to be ruling party of Pakistan hopes to revive the economy of Pakistan. While speaking to BBC the leader of Pakistan Muslim League (N) replied to the question what will be the top priority of Nawaz government  he said his first priority is Economy and “if you ask me what is my second priority it will be Economy and so will be my 3rd priority” he added

According to Nawaz Sharief if we can fix the economy of the country all of the other problems will be fixed on its own, he says that the violence, unrest, terrorism, poverty can be cured by fixing the economy of the country.

Nawaz Sharief is poised as the next prime minister of Pakistan. He is regarded as a business man hence is expected to know the economy and will improve the business environment of the country, see this the Karachi Stock Exchange has been runing volitile since last 2 days and has had raised few hundreds of points.

Nawaz Sharief was deposed by the ex Army chief General pervez Musharraf in 1999, due to his outreach to India and  his attempt to fire the army chief, Gen. Pervez Musharraf.

According to an article of New York times “the success — and perhaps length — of Mr. Sharif’s tenure will be determined by how he negotiates the relationship with Pakistan’s unelected power players. They include the United States, an ally with whom he has a long and sometimes unhappy history and that has worried about his vigor in fighting Islamist militants. There is a newly crusading judiciary to gauge. And above all loom the generals, and his tense history with them.”

Analysts say Mr. Sharif, who also has a stubborn streak, could find himself drawn into a clash with Justice Chaudhry.

“Sharif might look at this court and find it a bit too activist for his liking, with its tendency to push government up against the wall,” said Mr. Almeida, the journalist. “I don’t think he would look on it very benignly.”

Still, the potential for conflict may be limited: Justice Chaudhry is set to retire in December, which leaves relatively little time for a battle between the courts and Mr. Sharif.

On the campaign trail, Mr. Sharif played to populist sentiment by condemning C.I.A. drone strikes in the tribal belt and suggesting, in vague terms, that he would seek to avoid bowing to American dictates. But the perilous state of Pakistan’s economy means that he may require American support for a bailout by the International Monetary Fund — one that economists believe will be necessary in the coming months.

Mr. Sharif has close relationship with Saudi Arabia, where he whiled away his exile. King Abdullah helped broker Mr. Sharif’s return to Pakistan in 2007, and Mr. Sharif maintains close ties with Riyadh. That relationship, although discreet, could provide an alternative source of economic aid, as well as a powerful ally.

 

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