Charter of the Economy Today, Pakistan is ranked amongst the lowest countries in the world in the Gender Inequality Index of the UNDP. This is also not surprising given the absence of policies, laws and projects for improving access to education for girls and for improving working conditions of women. Chart 2.1: CPIA Ratings of Pakistan in Economic Governance 2018 ‘Poor’ Rating Average Rating • Economic management cluster• Building human resources • Fiscal Policy*• Business regulatory environment • Gender Equity*• Debt Policy • Macroeconomic Management• Efficiency of revenue mobilization • Policies for Social Inclusion/Equity• Equity of Public Resource Use • Policy and Institutional Focus on Environmental Sustainability • Financial Sector • Property-rights and Rules-based Governance • Quality of Budgetary and Finance Management • Public Sector Management and Institutions • Social Protection • Quality of Public Administration• Trade Rating • Transparency, Accountability and Corruption in the Public Sector • Structural Policies • IDA Resource Allocation Index [11][10] *With the lowest ratings Source: World Bank ‘Good’ Rating ­[-] 2.2. Some Successes and Failures Despite the apparently poor quality of economic management and governance there have been some notable successes in recent years, including the following: i) When the present Government assumed power in 2018, Pakistan had experienced the largest current account deficit in the history of the country of$20 billion in 2017-18. However, within three years it has been converted into a small deficit of less than$2 billion. Of course, this required draconian actions to curb import demand. ii) When the previous Government came to power in 2013, the country was plagued by the highest level of power load shedding, costing the economy over 2 percent of the GDP annually. Highest priority was given to expansion in power generation capacity, 20