economy of Pakistan. The GDP rate had declined from 10.0% in the 1980s to 3.6% in 1999, with foreign debt increased to 44% up as compared to 1986. Major economic reforms were introduced by Shaukat Aziz who first consolidated the industries under one platform and restructured them before setting them to privatization market. Numbers of controversial sales tex were enforced by Shaukat Aziz, mostly on import duties; and based on these reforms, patronage-based industries remained under serious threat and privatisation discussion began to take place on usual based. Aziz consistently worked on to restructured the industries and provided a vital leadership and economic relief after 2001 also played an important role in strengthening the patronage-based industries financially and physically. In 2004, Aziz became Prime minister and initiated an intensified privatisation programme in order to grow the GDP rate annually. Aziz forcefully and aggressively pushed 100% privatisation of state-owned corporations while virtually planned to privatised 85% of banking sector. Starting from 2003 until 2007, Aziz successfully privatized 80% of the banking industry into private-ownership enterprises, while privatizing the numbers of shares of Pakistan International Airlines and other mega-corporations into the public circles. Intensified privatisation policies had major impact on public sector organisation which diminished with the privatization of the state-owned corporations. Prime minister Aziz defended his privatisation programme as he maintained that "these institutions viable while they were on the verge of collapse.". Aziz's privatisation programme subsequently improved the country’s growth rate by 6.4%—8.6% a year. Inflation rate dropped to 3.5% in last 3 years as against 11–12% in 1990. However, in the end of 2007, Aziz's privatisation programme suffered a major set back which initially halted the privatisation programme in the country. The Supreme Court halted the privatisation of Pakistan Steel Mills after transferring the inquiry from FIA to NAB, while issued standing orders to keep the Steel Mills under the nationalization programme. The proceedings and Supreme Court's decision initially halted Aziz's intensified and aggressive privatisation programme at the end days of his tenure. Privatisation Fiscal Year 2021 The government will likely fetch Rs100 billion in fiscal year (FY21) through the privatisation of state-owned entities said Privatisation Minister Muhammadmian Soomro. Initial work for the privatisation of power distribution companies and State Life has been started while the privatisation of Haveli Bahadur Shah Power Plant in Jhang and Baloki Power Plant in Kasur, two RLNG-based power plants, was in the final