Structural reforms - privatization, deregulation, liberalization: The Musharraf Government actively pursued an aggressive and transparent privatization plan whose thrust was sale of assets in the oil and gas industry as well as in the banking, telecommunications and energy sectors, to strategic investors, with foreign investors encouraged to participate in the privatization process.
This plan is being followed by the newly elected government under Prime Minister Jamali. To demonstrate the seriousness of the government in encouraging foreign investment flows in Pakistan; there has been a major, and perceptible liberalization of the foreign exchange regime.