Is Pakistan really changing?

Pakistan started a new journey towards success and growth in 2018, ever since the government changed Pakistan has been put on a track of revamping and rebuilding of name and image along with fiscal and monetary policies. 

Balance of payments was deficit and Pakistan was drowning in the ocean of debts due to former corrupt governments and internal corruption as well, leakage of money, money laundering, flawed and failed government structure of public organizations, overall was the worst condition and Pakistan was all together drowning. 

Now after three years of successful performance latest government, the question arises “Is Pakistan really changing?”, is this new government fulfilling all promises? Are they meeting all macro and micro growth pre-requisites? Are they committed to Pakistan’s growth? Is the public satisfied?

As per official statistics overall all sectors are well-performing and growing, almost bankrupt CDA which was deficit by Rs 5.8 bn in 2017 will now be touching Rs 73 bn surplus as projected and at this time Rs 26 bn are already in accounts. In 2017-2018 CDA observed a deficit of Rs. 5.83 Bn, In 2018-2019 CDA observed a deficit of Rs. 6.19 Bn, In 2019-2020 deficit reduced to only Rs. 1.31 Bn, in 2020-2021 CDA observed a surplus of Rs. 7.39 Bn, and in 2021-2022 overall CDA is projecting a surplus of Rs. 73 Bn so a journey of 3 years of CDA Islamabad of transforming Islamabad and moving from a deficit of Rs. 5.83 bn to Rs. 73 bn is remarkable and marvelous. It shows real financial stability and also Islamabad is becoming a model city that should be adopted by other metropolitan cities as well.   

Construction is not only happening in Islamabad only, in fact, but all cities Karachi and Lahore all cities are also developing and going through a revamping process.  But by transforming Islamabad into the model city with revamping and restructuring strategies government is setting an example that all other cities can be developed the same way. 

This growth is real, not just the construction industry is rising in fact all other sectors are also observing actual growth and rise that includes fertilizer, automobiles, cement, chemical, food, textile, and many others. It’s not just an assumption, yes, they are confirmed by government statistics. So, what not can be achieved, if you are committed and firm towards the stability track and your only objective is to rise and grow. 

Now is the public satisfied with this growth? Yeah, to great extent they are but they are still expecting a lot from the recent government to resolve micro-level issues as well. These issues have been so far very well catered and resolved which includes inflation control, fuel prices control, reasonable accommodation for low-income groups, reach of basic necessities to common man, and employment.