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Economy

Pakistan's new PM charges ahead with reforms

Politically astute Abbasi earns respect, expected to salvage party's fortunes

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Pakistan's Prime Minister Shahid Khaqan Abbasi reviews the honour guard in Islamabad, August 3.   © Reuters

TOKYO -- Pakistan Prime Minister Shahid Khaqan Abbasi -- successor to Nawaz Sharif, who was recently removed by the Supreme Court in connection with the "Panama Papers" -- is charging ahead with economic reforms.

As soon as he became chairman of the Economic Coordination Committee, or ECC, the government's highest decision-making body for economic policies, Abbasi founded Ministry of Energy by merging of Ministry of Petroleum and Natural Resources and the Ministry of Water and Power to accelerate construction of the power infrastructure so essential for economic growth.

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