IMF Staff Country Reports

Pakistan: First Post-Program Monitoring Discussions-Press Release; Staff Report; and Statement by the Executive Director for Pakistan

Publication Date:

March 14, 2018

Electronic Access:

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Summary:

This paper discusses First Post-Program Monitoring Discussions with Pakistan. Pakistan’s near-term outlook for economic growth is broadly favorable. Real GDP is expected to grow by 5.6 percent in FY2017/18, supported by improved power supply, investment related to the China–Pakistan Economic Corridor, strong consumption growth, and ongoing recovery in agriculture. Inflation has remained contained. However, continued erosion of macroeconomic resilience could put this outlook at risk. The FY2017/18 current account deficit could reach 4.8 percent of GDP, with gross international reserves further declining in a context of limited exchange rate flexibility.

Series:

Country Report No. 2018/078

Subject:

Economic sectors Exchange rate flexibility External debt Fiscal policy Fiscal stance Foreign exchange Public debt Public sector