FY 2013–14 Nawaz Sharif

sharif along cabinet members barjees tahir , saira afzal tarar.

according pakistan institute of legislative development , transparency, quality of governance has marginally improved during sharif s first year in power within overall score of 44% in assessment of quality of governance in pakistan. scored highest in disaster-preparedness, merit-based recruitment, , foreign policy management, while received lowest scores on poverty alleviation , transparency.

pakistan s gdp growth rate fy 2012–2013 3.3%, despite business confidence in pakistan reaching three-year high in may 2014 largely backed increasing foreign reserves crossed $15 billion mid-2014. along that, in may 2014 imf claimed inflation has dropped 13 per cent compared 25% in 2008, foreign reserves in better position , current account deficit has come down 3 per cent of gdp 2014. standard & poor s , moody s corporation changed pakistan s ranking stable outlook on long-term rating.

however, in fy 2013–2014 pakistan received foreign direct investment of $750.9 million, 12.9% less amount country received in corresponding preceding fiscal year. on 9 february 2014, international monetary fund said pakistan has met of quantitative performance markers, economy showing signs of improvement , reform program remains broadly on track.

it striking reforms have continued despite disruptive domestic political challenges on last year, , heightened security threats islamist terrorism.

sharif made 2 major appointments; s.m muneer chief executive of trade development authority of pakistan , rizwan ahmed chairman of trading corporation of pakistan, enhance pakistani exports. on 9 april 2014, world bank claimed pakistan s economy @ turning point, growth recovery underway, projected gdp growth approaching 4 percent, driven dynamic manufacturing , service sectors, better energy availability, , revival of investor confidence. inflation steady @ 7.9%. fiscal deficit contained @ around 6 percent of gdp due improved tax collection , restricted current , development expenditure. current account deficit remains modest, @ around 1 percent of gdp, supported strong remittances , export dynamism, , external position improving since monetary , exchange rate policies switched gear towards rebuilding reserves last november.

on 4 july 2013, imf , pakistan reached provisional agreement on $5.3 billion bailout package aimed bolster pakistan s flagging economy , perilously low foreign exchange reserves, contrary election promise not take more loans. on 4 september 2013, imf approved $6.7 billion loan package revive ailing economy. loan given on three-year period. on imf s demanded pakistan plans carry out various economic reforms, including privatising 31 state owned companies.