Nawaz Sharif became the 12th Prime Minister of Pakistan in November 1990, succeeding Benazir Bhutto

He campaigned on a conservative platform, promising to reduce government corruption and improve the nation's infrastructure.

Nawaz privatized government-owned industries, opening the door for further industrial privatization and disbanded Zulfikar Bhutto's nationalization policies.

He legalized foreign money exchange to be transacted through private exchangers to ensure the growth of digital telecommunication.

successes

1. Privatization/Liberation :

• Nawaz Sharif implemented different Programmes to boost industrialization through economic liberalization.
• He believed rapid industrial growth would solve Pakistan's biggest problem - unemployment.
• Sharif worked to modernize Pakistan by utilizing its natural resources and power supply effectively.
• He promoted private business and industry to achieve fast industrial growth.
• Under his development policy, private investment was encouraged actively.
• Restrictions on establishing new industries were removed completely.
• Sharif established the Privatisation Commission to sell government projects to the private sector.
• Sharif launched and completed the Orangi Cottage Industrial Zone.

outcomes:

• The privatization increased government revenue significantly.
• Privatization reduced Pakistan's debt burden substantially.
• The privatization improved overall economic conditions in the country.
• Important industries like telecommunications, shipping, electricity, and airlines were opened to private investment.
• New private owners focused on profits, which improved both production and quality.