Pakistan Muslim League (N) on 27 January 2024 announced its manifesto for the general elections to be held on 8 February 2024. The PMLN manifesto is announced by Nawaz Sharif during a party event in Lahore, Pakistan.
PMLN Manifesto
Download the PMLN manifesto in PDF: Page 1-15, 16-30, 31-51
Download the short highlights of the PMLN manifesto in PDF.
Also View PMLN Manifesto in Urdu
PMLN Manifesto 2024 and Promises for 2024-2029
(1) GDP Growth
- 4 percent GDP growth by the end of the year 2025, 5 percent GDP growth by the end of 2026, and over 6 percent GDP growth consistently in the following years.
- Agriculture sector growth of 5% by the end of the year 2029 based on climate-resilient cropping techniques and the government’s facilitation to the farmers
- Industrial sector growth of more than 7% by the end of the year.
- This level of inflation would not only provide huge relief to the consumers but also enable provision capital at affordable rates to entrepreneurs for both greenfield and brownfield projects.
(2) Per Capita Income
- Our target is to achieve a per capita income of $2000 by the end of the year 2029, based on achieving higher growth and stability in the exchange rate.
(3) Fiscal Deficit
- Increase in the tax-to-GDP ratio from 10.4% to 13.5% by the end of the year 2029, along with frugal spending and privatization of loss-making State-Owned Enterprises (SOEs) will help control the fiscal deficit.
- The sharp decline in inflation will cut down the cost of debt servicing due to the consequential expected reduction in SBP’s policy rate.
- By the end of year 2028 and beyond fiscal deficit will be maintained at 3.5% or less.
(4) Current Account Deficit (CAD)
- Maintain a low CAD for the next five years by keeping it in the range of around 1.5 % of GDP 2029 driven by conducive monetary and fiscal policies, and industry and trade facilitation.
- Around 7% growth in the services sector beyond year 2027 resulting from the spillover effects of the growth in the commodity-producing sector.
(5) Inflation
- By the end of the year 2025, inflation will be in the single-digit, and over the following four years it will be controlled to be kept in the 4%-6% range.
- By adopting export-oriented policies, we will aim to achieve exports of goods & services of more than $58 billion by the end of year 2029.
- Unnecessary imports will be curtailed to provide a cushion for imports of capital goods and raw material.
- Workers’ remittances of more than $40 billion annually as compared to the current level of $27.3 billion, driven by the increase in manpower exports and other inflows channelized through formal channels.
(6) Poverty
- As per World Bank’s Macro Poverty Outlook, Poverty is estimated at 39.4 percent (US$3.65/day – 2017 PPP) 2023.
- Increase in GDP growth (as envisaged above), a lower inflation outlook coupled with a comprehensive poverty alleviation strategy and pro-poor spending will help to reduce poverty level by around 35% in the next 5 years.
- This will result in the poverty level reducing from 39.4% to less than 25%.
(7) Job Creation
- A buoyant economy with a higher level of GDP growth will help absorb new entrants into the workforce creating over 10 million jobs in next five years.
- The target is to reduce unemployment to below 5% level by the end of year 2029.
- Increase in public wages will always match inflation.
(8) Investments and Savings
- Increase investment from 15 percent to 18 percent of GDP.
- Raise private sector investment from 10 percent to over 12 percent of GDP.
- National saving rate to increase to 17 % of GDP by the end of year 2029.
(9) The China Pakistan Economic Corridor (CPEC)
Leverage full potential of CPEC across the following areas;
- Trade and Market Access
- Industrial Development and Global Value Chains
- Socio-Economic Development and Poverty Alleviation
- Agriculture Modernization and Marketing
- Gwadar Oil City and Blue Economy
- Regional Connectivity and Third-Party Participation.