The events that appeared over the last few months have transpired into the “No-Confidence” movement. This step by the opposition is expected to be a major obstacle in the continuation of PTIs governance. Even if the party wins against the no-confidence vote, it will be difficult for them to get back on track. The rebels of PTI are either turning in resignations or getting booted out of parliament after putting their vote in favor of the no-confidence movement.
Either way, reshuffling of the parliament seats is inevitable. While the reserved seats will remain in the ownership of the relevant parties, the numerical strength of PTI in the house greatly relies on the result of this election. If the voting occurs prior to the passing of the Finance Bill, PTI may not be able to have enough numbers to keep the authority for this bill.
The top Pakistan news outlets hover around this topic as the situation escalates. Here are some factual representations that define whether the performance of PTI over the last 3.5 years justifies this movement or not.
1. Economic Performance:
The start-up of “Naya Pakistan” by PTI became subjected to various compromises and vulnerabilities. The appointment of Usman Buzdar as CM Punjab and the selection of Asad Umer as the savior of Pakistan’s economy seemed to have been unfruitful initially. But while the PM remained quite confident about the competence of his team, the frequent changes in the ministry, later on, shattered the authenticity of his claims.
As Asad Umer continued presenting warning indicators of the deteriorating economy, PTI was unable to handle the public pressure generated due to its contractionary approaches and policies. This made Umar take a step back from the Finance Ministry, resulting in the appointment of Hafiz Sheikh. Unfortunately, he lost the Senate elections only a few days after he held the seat.
2. Policies:
As the public kept losing faith in PTIs policies, they came up with some of the most crucial economic reforms and ideas. The foremost reform resulted in varying exchange rates as determined by the market forces. The central bank might also end up interfering in this regard.
As the rupee value improved with novel economic policies, some other factors went down. The practical implications of these policies limited the competitiveness of the export industry. Eventually, it transpired into an external account crisis.
The existing government’s foreign exchange reserves could not overcome this issue. That is the reason why such types of policies are referred to as an anti-export bias, which sort of made PTI’s approach to improve the country’s economy a bit questionable.
3. Foreign Policy:
When we talk about foreign policy, the position of Pakistan on the world front is still not where it should be. However, with the experienced and skilled counseling of Shah Mehmood Qureshi, Pakistan seemed to have attained some praise-worthy recognition globally.
From appointing an accomplished National Security Advisor to refusing airbases to the United States and delivering a historic speech against the Indian occupation in Kashmir in the UN, Khan was able to meet some of the public’s expectations.
The party worked vigorously to have the Islamophobia bill passed in the UN forefront as well, which became one of the highlights of the PTIs performance. All these efforts have generated a positive image of Pakistan in front of the rest of the world. This is why the foreign policy has also contributed to the growth of investors in the region, bringing some stability to the economy.
To sum it up, while the performance of PTI has been disappointing for the public in various regards, it has also generated some exemplary developments within various sectors.
The latest Pakistan news confirms that the taxes are surging, and the inflation seems to be impacting the financial condition of the common man negatively. At the same time, foreign policy has also progressed to improve the image of Pakistan on the world front.
If you want to learn more about the latest developments in this case, visit Pakistan Observer. You will learn how the opposition’s no-confidence alliance is progressing, and the ways it is affecting the current government.
