PBC’s Assessment of the First 100 Days of the Government

The government is about to complete its first 100 days in power. The Pakistan Business Council (PBC) believes that the government has got off to a good start, given the challenges it inherited in the economy. However, there is much scope to do better.

Whilst there is a temptation to judge progress against short term milestones, the primary lens through which the PBC looks at progress is one of “Makein-Pakistan,” which is a thrust to create jobs, promote value-added exports and encourage import substitution. Industry in general and manufacturing in particular have been undermined over decades. Regaining financial sovereignty by balancing the external account and managing the fiscal deficit cannot be accomplished in a 100 days. But a good start has been made.