THE LITRATRURE ON ECONOMIC IMPACT OF POLITICAL APHORISM IN LAST DECADE OF PAKISTAN

Abstract

Political change in the country is a normal routine affair. In Pakistan though this change has seen volatility, alleging unfairness and rigging in the change process. We wanted to know how far the recent political change has affected the economic parameters. We were surprised to find that the past political leaderships have not been very fair with their governance and transferred the power to the present government under pitiable conditions. As a result the present government had to take a number of decisions which did not suit the common man on the street. We took the secondary data to analyze the situation. Prices of common commodities have risen to a drastic level, Pakistani rupee has been devalued, import prices have increased, GDP growth rate declined and the economy entered into an unprecedented downfall trend particularly during the initial days or first year period. However, it appears that some of economic indicators (e. g. stock market, manufacturing activity, balance of trade ) are showing improvements and it is expected that the government will be able to control the economic conditions of the country within its tenure.