- Pakistan introduced significant economic reforms in 1988 under the leadership of Prime Minister Benazir Bhutto, aiming to liberalize the economy, reduce the role of state-owned enterprises, and promote private sector growth.
- The other dates do not correspond to the major economic reforms in Pakistan.
Conclusion: Option (C) is correct as the economic reforms began in Pakistan in 1988.
Read the following statements carefully:
Statement 1: Expost savings and Expost investments are equal at all levels of income.
Statement 2: Under the effective demand principle, the equilibrium output is equal to exante Aggregate Demand (AD). In the light of the given statements, choose the correct alternative from the following: