Pakistan: Staff Report for the 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility Arrangement, and Request for Waivers of Performance Criteria
IMF Staff Country Reports, March 5, 2004
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- Pakistan: Staff Report for the 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility Arrangement, and Request for Waivers of Performance Criteria
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Bibliographic details
- Published: March 5, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451830521.002
Economic outlook
- The economic outlook remains clouded by regional and domestic security concerns.
- Real GDP growth and inflation were broadly in line with program projections in 2001–02.
Balance of payments and external sector
- The balance of payments position improved faster than expected.
Fiscal performance
- The budget deficit target for 2001–02 (as set during the first review) was met, despite a shortfall in the Central Board of Revenue (CBR).
Monetary developments
- Broad money increased strongly in 2001–02, despite efforts to sterilize foreign exchange inflows.
Financial sector reforms
- Reforms in the financial sector made significant progress.
IMF Staff Country Report, Pakistan: Staff Report for the 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility Arrangement, and Request for Waivers of Performance Criteria
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