Pakistan: 2017 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Pakistan
July 13, 2017
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This 2017 Article IV Consultation highlights that Pakistan’s outlook for economic growth is favorable. Real GDP is estimated at 5.3 percent in FY2016/17 and strengthening to 6 percent over the medium term on the back of stepped-up China Pakistan Economic Corridor investments, improved availability of energy, and growth-supporting structural reforms. Inflation has been gradually increasing but remains contained, and the financial sector has remained sound. Key external risks include lower trading partner growth, tighter international financial conditions, a faster rise in international oil prices, and over the medium term, failure to generate sufficient exports to meet rising external obligations from large-scale foreign-financed investments.
Subject: Balance of payments, Current account deficits, Exchange rate flexibility, Expenditure, Fiscal consolidation, Fiscal policy, Public debt, Revenue administration
Keywords: authority, Central Asia, CR, Current account deficits, debt, development expenditure, exchange rate, factor cost, Fiscal consolidation, GDP, Global, IMF obligation, incl. IMF, ISCR, margin requirement, power sector arrears, prudent monetary policy stance, reserve, South Asia, staff
Pages:
74
Volume:
2017
DOI:
Issue:
212
Series:
Country Report No. 2017/212
Stock No:
1PAKEA2017001
ISBN:
9781484309759
ISSN:
1934-7685
