Fiscal Year | GDP growth | Inflation rate |
---|---|---|
2013–14 | 4.14% | 8.5% | |
2014–15 | 4.24% | 4.8% |
2015–16 | 4.5% Projected | 5.1% |
Mian Muhammad Nawaz Sharif, MP (Urdu: میاں محمد نواز شریف, pronounced [nəˈʋaːz ʃəˈriːf]; born 25 December 1949) is the 20th and current Prime Minister of Pakistan, in office since June 2013. A veteran politician, he previously served as the Prime Minister from 1990 to 1993 and from 1997 to 1999.
Born into a wealthy Sharif family in Lahore, he is the son of Ittefaq Group founder Muhammad Sharif, and the older-brother of three-time elected Punjab Chief Minister, Shehbaz. Sharif studied business at Government College and later law at the University of Punjab before entering politics in the later 1970s. In 1981, Sharif was appointed by the military government as the Minister of Finance for the province of Punjab. Backed by a loose coalition of conservatives, he was elected as the Chief Minister of Punjab in 1985 and re-elected after the end of martial law in 1988. In 1990, Sharif led a conservative alliance to victory, leading him to become the Prime Minister. Investigation into the election would later revel that the election was rigged in favor of Sharif by the Pakistani intelligence through channeling millions of rupees into his election campaign. It should be noted that Sharif has an approximate net worth of 1.4 billion USD, as of 2017 the Supreme Court suspended the operations of the Sharif sugar mills.