Pakistan: Seventh, and Eighth Reviews of the Extended Arrangement under the Extended Fund Facility, Requests for Waivers of Nonobservance of Performance Criteria, and for Extension, Augmentation, and Rephasing of Access-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Pakistan
IMF Staff Country Reports, September 1, 2022
Source details
- Canonical URL
- Pakistan: Seventh, and Eighth Reviews of the Extended Arrangement under the Extended Fund Facility, Requests for Waivers of Nonobservance of Performance Criteria, and for Extension, Augmentation, and Rephasing of Access-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Pakistan
Other formats
Bibliographic details
- Published: September 1, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400218927.002
Major findings and analysis
- Economic activity remained robust in FY22, fueled by loose fiscal policy and a delayed monetary response to inflationary pressures.
- International food and fuel price shocks, combined with domestic policies, led to:
- a marked deterioration of the external position with an unsustainable current account deficit;
- a significant decline in reserves;
- a marked depreciation of the rupee.
- Inflation increased considerably, putting pressure particularly on the more vulnerable.
Subjects and keywords (as provided)
- Subject: External debt, Fiscal policy, Fiscal stance, Imports, International organization, International trade, Monetary policy, Public debt, Revenue administration
- Keywords: authorities' comprehensive, excl. IMF obligation, Fiscal stance, Global, IMF arrangement, Imports, inflation expectation, reform plan, staff appraisal
Publication and document metadata
- Publication date: September 1, 2022
- Pages: 112
- Volume: 2022
- Issue: 288
- Series: Country Report No. 2022/288
- DOI: https://doi.org/10.5089/9798400218927.002
- Stock No: 1PAKEA2022002
- ISBN: 9798400218927
- ISSN: 1934-7685
International Monetary Fund. Middle East and Central Asia Dept.; Pakistan: Seventh, and Eighth Reviews of the Extended Arrangement under the Extended Fund Facility; IMF Staff Country Reports 2022, 288 (2022); September 1, 2022.
Content in this bundle
- Pakistan: IMF Staff Report