With cricketer turned politician Imran Khan on the cusp of becoming the next Wazir-e-Azam of Pakistan, his economic vision has the potential of transforming Pakistan's stuttering economy. But his road to redeem Pakistan's economy could ruffle a lot of feathers, including that of the Pakistan army which has a major role to play in Khan's rise to the top. Khan certainly faces an uphill task – the nation he will lead sits at the bottom of the pile on several important social and economic parameters.
|Size of the economy (2016-17)||$304 billion|
|Population (2016-17)||207.8 million|
|Per capita income (2016-17)||$1,463|
|Govt debt as % of GDP (2017-18)||67.2|
|Foreign exchange reserves||$9.6 billion|
One of the key aspects of Khan's economic reform program which he dubbed as a “five-point emergency plan” in Pakistan Tehreek-e-Insaaf’s (PTI) manifesto, which could ruffle many feathers and generate a political backlash from his opponents, pertains to radically reform the way Pakistan spends its Rs 4.75 trillion (1 USD equals 129 Pakistani rupees) budget. Khan has promised that among other things, he would be looking to reduce the defence budget of Pakistan. While Khan hasn't specified how he intends to get Pakistan’s all-powerful military to reconcile to this, his plan is to trim Pakistan's $9.6 billion military budget which accounts for almost a fifth of the country's total budget.