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  • Positives:: Economic Growth Averaged 4.53% Per Annum. Industrial Growth Was 6.31% Exports Increased by 8-9%

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    Raheel Lakhani
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    The document summarizes several key economic and political events in Pakistan between 1997 and 2002. Nawaz Sharif was sworn in as Prime Minister in 1997 and launched an economic program. Pakistan then conducted nuclear tests in 1998 and was denied nuclear power status by the UN. Tensions also flared with India, as seen in the Kargil War and Lahore Declaration. Meanwhile, economic growth averaged over 4% annually during this period. Nawaz Sharif was eventually ousted in a military coup in 1999.

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    1997-2007

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    The document summarizes several key economic and political events in Pakistan between 1997 and 2002. Nawaz Sharif was sworn in as Prime Minister in 1997 and launched an economic program. Pakistan then conducted nuclear tests in 1998 and was denied nuclear power status by the UN. Tensions also flared with India, as seen in the Kargil War and Lahore Declaration. Meanwhile, economic growth averaged over 4% annually during this period. Nawaz Sharif was eventually ousted in a military coup in 1999.

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    22 views1 page

    Positives:: Economic Growth Averaged 4.53% Per Annum. Industrial Growth Was 6.31% Exports Increased by 8-9%

    Uploaded by

    Raheel Lakhani
    The document summarizes several key economic and political events in Pakistan between 1997 and 2002. Nawaz Sharif was sworn in as Prime Minister in 1997 and launched an economic program. Pakistan then conducted nuclear tests in 1998 and was denied nuclear power status by the UN. Tensions also flared with India, as seen in the Kargil War and Lahore Declaration. Meanwhile, economic growth averaged over 4% annually during this period. Nawaz Sharif was eventually ousted in a military coup in 1999.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Positives:

    Economic growth averaged 4.53% per annum. Industrial growth was 6.31% Exports increased by 8-9%

     Nawaz Sharif sworn in as 19th Prime Minister in February 1997


     Nawaz Sharif launches "Qarz utaro Mulk sanwaro" scheme on February 1997
     Population census begins in the country in 1998

     May 28 1998: Pakistan conducts nuclear tests in Chagai hills in Balochistan.


     May 29 1998: State Bank bans opening of new foreign currency accounts and suspends withdrawals.
     June 4 1998: UN Security Council deny nuclear power status to Pakistan and India.
     Lahore Declaration is signed by Nawaz Sharif and A. B. Vajpayee in 1999
     Pakistan conducts test of a nuclear-capable short-range ballistic missile, Shaheen.
     july 26 1999: Kargil War ends between Pakistan and India.
     October 12 in 1999: Nawaz Sharif is ousted from power and placed under house arrest after attempting to
    sack General Pervez Musharraf.
     In 2001 New Local Government system installed, after holding of elections in three phases.
     In 2002 Musharraf stunned Vajpayee by a hand-shake at the last 11th SAARC summit in Kathmandu.
     Supreme Court upholds President's proclamation dissolving the National Assembly and dismissing Benazir
    Government in Janurary 29th

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