Nawaz Sharif as P.M 1990-93 ( O Level Pakistan studies)

 Nawaz Sharif as P.M 1990-93

Q:How successful was rule of Nawaz Sharif during 1990-93?                                                        

Ans 2:  Nawaz Sharif became the Prime Minister of Pakistan in 1990. He introduced a series of reforms but had to face many problems that came along with. He was very keen in industrialization and thus introduced the National Capital Program. He also started the privatization of most industries nationalized under Z.A Bhutto. These included shipping, electricity supply, airlines and telecommunications which were opened up for the private sector. He also introduced several larger scale projects to stimulate the economy like Brotha Hydro Power Projects and the Gawadar Miniport in Balochistan. This helped to improve the country’s status. Nawaz Sharif started the project  of Motorway, building a fast transportation network, the first in South Asia, this allowed many countries access to sea port. But the cost estimated was around $ 989 000 000. These measures and other actions had adverse affects in the economy of Pakistan.

Nawaz Sharif tried overcoming unemployment by importing large number of taxies and providing cheap loans for their purchase of small businesses for Young men. Few of these were repaid, resulting in pressure on Pakistani economy. Pakistan did not have many funds to finance most of its policies on its own. USA majorly supported Pakistan economically but now it started reducing its funds and loans to Pakistan due to its Nuclear Program.  This left Pakistan in a difficult situation under foreign debt. The collapse of the Bank of Credit and Commerce International (BCCI) in 1991 brought major setback to Pakistan’s economy. Investors lost huge sums, huge fines had to be paid and Pakistan’s image was harmed internationally.

During his era, the scandal of co-operative societies also arose. These cooperative societies used to collect money from old and low budget people and gave them high profits. People had to face great loss when these companies shut down. It came to the public that these companies became bankrupt because Sharif’s family had taken large loans from them and those could not further survive. To wash up these blames loans were quickly returned but it hurt the reputation of the government badly and caused the failure of the government.

Pakistan had to face an unfortunate effect of the Afghan Russia War in the form of weapon flow to Pakistan, corruption rate and terrorism increased. Kidnapping, bombing and murders became common. During his government, army and police worked together to deal with the situation. The government has passed strict orders against the weapons but there was no use due to the strong weapon. The government passed twelfth amendment in the constitution which provided speedy justice in the courts. These court decisions remained unsuccessful because opposition blamed Nawaz Sharif for using these courts against them.

Administrative measures also affected the economy according to their management. Nawaz Sharif lost a lot of support because in early 1993, Nawaz Sharif had to face serious difficulties due to open conflicts developed between army, president of Pakistan and Nawaz Sharif.

IJI also turned against them as they disliked his policies. This opposition turned to the dismissal steps of Nawaz Sharif’s Government by President Ishaq Khan. When Nawaz Sharif tried to end up 8th amendment to reduce the power of the President it annoyed the president and he dismissed Nawaz Sharif’s Government in 1993.

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