ISLAMABAD (AP) — The winner of Pakistan’s historic national election, former Prime Minister Nawaz Sharif, faces a host of problems, including faltering economic growth, worsening energy shortages and continued attacks by militants.
FALTERING ECONOMIC GROWTH: The economy has grown at less than 4 percent a year under the most recent government, which was led by the Pakistan People’s Party and governed for five years. That is much lower than the rates during the previous administration, which at times hovered near 7 percent. Under the most recent government, inflation spiked, reaching an annualized rate of around 25 percent in some months. However, the inflation rate has fallen and averaged around 11 percent last year.
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