The only fly in the ointment is that IK is accruing loans at a rate nearly 2 to 3 times what Nawaz and Zardari managed. The total quantum of loans has nearly doubled in one year with no prospect of reducing the principal for perhaps many many years to never.
There is not a shred of evidence to show a reduction in loans, in fact quite the opposite, nor any indication that it might occur in the future. Trade deficit has narrowed because the economy has crashed and the intervention of the govt stopping imports, whether they are necessary or not.
Any country can stop a trade deficit by stopping all imports. This is not reform, its desperation.