The process of globalisation brings a huge impact around the world in the field of education. The third world countries are on the verge of making an influential change in their education system. The neoliberal structure being practiced at the present time is also enforcing the restructuring of education system in Pakistan. These changes seem to be shaping notions regarding the policies in education system of Pakistan. The educational polices will be reviewed along with the educational reforms in this paper and critically analysed which show that how curriculum and assessment are under influence of international performance measurement system. The basis of this study is to identify, analyse and evaluate the key drivers of these educational policies in Pakistan and what impact do they bring in the system. The paper also considers the fundamental concept of curriculum given by Dewey which gives a pretty clear idea that Pakistan needs immediate and good educational reforms that need to be implemented. Emphasis will be laid upon that Pakistan to compete in the global economy, needs an effective education system that can sustain and bring changes in the curriculum and assessment accordingly.