The Institute for Policy Reforms (IPR) believes that there have been some significant achievements in the first year of the PML-N government, especially in stabilising the economy.
“But a strong and sustainable ‘economic turnaround’ remains elusive in the presence of slow agricultural growth, recent loss of momentum in manufacturing, fall in investment and saving rates, severe energy shortages, stagnating exports, low tax-to-GDP ratio and a rising external debt burden,” said the IPR in a report on Wednesday.
Comparing some economic growth indicators for 2013-14 with 2012-13 and reviewing achievements and indicators stated in advertisements in the news media, the IPR expressed the optimism that the economy would show a major improvement in years to come.
