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Nawaz Sharif First Governmen
Nawaz Sharif First Governmen
GOVERNMENT
From October 1990- to 1993
Economic reforms
Privatization he privatized the nationalized industries under his economic
reforms. This nationalization was introduced during Z. A. Bhutto’s period.
He provided free movement of foreign exchange in an out of the country and
incentives of foreign and Pakistani entrepreneurs.
Protection to reforms in order to protect the introduced reforms, he got an Act of
Protection of Economic Reforms 1992 passed by the NA.
Nawaz Sharif had a commanding majority in the NA so his position to bring
reforms and fundamental changes in economic policies strengthened.
Manipulation of Denationalization
The process of denationalization was manipulated for the interest of political
bosses or the people Nawaz desired:
The reference-prices were determined without an objective criterion.
The bureaucracy interfered to oblige their own relatives.
The management of many privatized units was handed over without payment of
bid-value.
In some cases, the management was handed over the units without obtaining
acceptable Bank guarantee of the balance of 60%.
Biddings were opened in a clandestine manner to ensure gains for personal or
individual interest.
Benazir’s bold offer
Benazir offered Nawaz Sharif cooperation for repeal of 8 th amendment, while she
sat in the opposition. Nawaz declined her proposal as he was obliged to Ishaq, for
dismissing Benazir and paving way for his rise to power.
Creation of special courts
The Afghanistan war spread violence in Pakistan.
Nawaz Sharif’s government created special courts for the trial of heinous crimes
The Supreme Court reinstalled the government of Nawaz Sharif on the grounds
that the president was inbound to the advice of the PM which the PM had not sent
to the President.
The government didn’t last longer than 2 more months.
Nawaz Sharif’s success
the drop-scene occurred on 18th July 1993. Nawaz Sharif advised dissolution of the
NA and resigned.
Ishaq passed the order of dissolution and stepped down as President. Wasim
Sajjad, the Senate Chairman, took over as Acting President.