Nawaz Sharif touts past economic success, signaling political comeback amid party leadership change

Pakistan’s former Prime Minister Nawaz Sharif (center, left) chairs his PML-N party’s Central Working Committee meeting as incumbent PM and his brother, Shehbaz Sharif (center, right), sits next to him during the address in Lahore on May 18, 2024. (Photo courtesy: PML-N)
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Updated 19 May 2024
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Nawaz Sharif touts past economic success, signaling political comeback amid party leadership change

  • Sharif is poised to be re-elected as party president on May 28 after his younger brother and current PM stepped down
  • He was widely viewed as the favorite for Pakistan’s top political office before the Feb. 8 polls failed to produce clear results

ISLAMABAD: Pakistan’s three-time former prime minister Nawaz Sharif appeared on national television screens on Saturday after maintaining a relatively low profile since the February 8 general elections, highlighting the achievements of his previous tenures and contrasting them with the prolonged economic turmoil for which he held his rivals accountable.
Sharif, who went into self-exile in November 2019 after being convicted in a corruption case, returned to Pakistan in October last year and was widely viewed as the favorite candidate for the prime minister’s post with the support of the country’s powerful army.
However, he decided against taking the PM’s office after the national polls failed to produce a clear winner, leading to speculation that his role in the country’s politics had all but ended.
However, Sharif’s appearance at the Central Working Committee meeting of the ruling Pakistan Muslim League-Nawaz (PML-N) party in Lahore showed he was once again ready to assert his control over his political faction and, by extension, national politics.
“The price of every item was at a nominal level when I was prime minister, whether it was electricity, gas, vegetables, petrol or other essential items of life,” he said while reflecting on his political career, during which his administrations could not complete the constitutionally stipulated five-year tenure.
He maintained that inflation was low, the country was progressing and the interest rate hovered just above five percent during his rule.
“Today, it stands at 22 percent,” he continued.
Sharif emphasized that people should consider which political party had safeguarded their economic interests and which one had made their lives difficult before deciding who should run the country.
“Do you think before voting about what Nawaz Sharif’s performance was and how his rivals fared in contrast?” he asked. “Do you consider the prices during Nawaz Sharif’s tenure to where they are today?”
The PML-N founding leader raised these issues at a time when his party is forced to take stringent financial measures to secure a fresh International Monetary Fund (IMF) loan, leading to high inflation and a depressed economy.
He is also poised to be re-elected to the post of party president on May 28 after his younger brother and the incumbent Prime Minister Shehbaz Sharif stepped down from the position earlier this month.
The younger Sharif took over the PML-N presidency after his elder brother was removed following a Supreme Court verdict that disqualified him from holding public office or serving as head of any political faction.
The three-time prime minister also sought the accountability of the judges who removed him from power amid preparations to reclaim his party.


Pakistan, UK sign £35 million Green Compact to strengthen climate resilience

Updated 21 December 2025
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Pakistan, UK sign £35 million Green Compact to strengthen climate resilience

  • Pakistan ranks among nations most vulnerable to climate change and has seen erratic changes in its weather patterns
  • UK will help Pakistan mobilize climate finance, strengthen regulatory frameworks and develop bankable climate projects

ISLAMABAD: Pakistan and the United Kingdom (UK) have formalized a comprehensive climate partnership with the launch of a Green Compact that aims to enhance climate resilience, accelerate clean energy transition and scale up nature-based solutions, including mangrove conservation, Pakistani state media reported on Sunday.

The agreement, signed in Islamabad by Federal Minister for Climate Change and Environmental Coordination Dr. Musadik Malik and UK Minister for International Development Jennifer Chapman, unlocks £35 million in targeted support for green development and long-term climate action, according to Radio Pakistan broadcaster.

Pakistan ranks among nations most vulnerable to climate change and has seen erratic changes in its weather patterns that have led to frequent heatwaves, untimely rains, storms, cyclones, floods and droughts in recent years. In 2022, monsoon floods killed over 1,700 people, displaced another 33 million and caused over $30 billion losses, while another 1,037 people were killed in floods this year.

Mohammad Saleem Shaikh, a spokesperson for Pakistan’s Ministry of Climate Change, described the compact as a “decisive move toward action-oriented climate cooperation,” noting that its implementation over the next decade will be critical for Pakistan which regularly faces floods, heatwaves and water stress.

“The Compact is structured around five core pillars: climate finance and investment, clean energy transition, nature-based solutions, innovation and youth empowerment, and adaptation and resilience,” the report read.

“Under the agreement, the UK will work with Pakistan to mobilize public and private climate finance, strengthen regulatory frameworks for green investment, and develop bankable climate projects.”

Clean energy forms a central component of Pakistan’s transition, with Islamabad planning to expand solar and wind generation to reduce fossil fuel dependence, improve energy security and stabilize power costs, according to Shaikh.

“Renewable energy is now economically competitive, making the transition both environmentally and financially viable,” he was quoted as saying.

“Nature-based solutions, particularly large-scale mangrove restoration, will protect coastal communities from storm surges and erosion while enhancing biodiversity and carbon sequestration.”

Under the Compact, technical support, mentoring and access to investors will be provided to climate-smart startups and young innovators, reflecting Pakistan’s recognition of youth-led initiatives as central to future climate solutions.

On the occasion, Chapman, on her first official visit to Pakistan, underscored the urgency of climate action, highlighting the UK’s support for renewable energy, mangrove and ecosystem restoration, early-warning systems, climate budgeting and international investment flows into Pakistan.

Shaikh described the Green Compact as “a strategic turning point” in Pakistan–UK relations on climate change, saying its effective implementation is essential for Pakistan to meet its national climate targets.