{
  "title": "Pakistan: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Pakistan",
  "publication": "IMF Staff Country Reports, January 17, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/pakistan-2007-article-iv-consultation-staff-report-staff-statement-public-information-notice-21607",
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  "summary": "Pakistan’s economy continued to perform strongly owing to sound macroeconomic management and structural reform. Executive Directors advised that tight fiscal and monetary policies are required to reduce inflation and the external current account deficit while lessening pressures on real interest rates. They welcomed the enactment of the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CLT) ordinance. They underscored the need to modernize the energy sector’s regulatory and tariff framework and revive the privatization process. Directors urged action to strengthen public financial management.",
  "publishDate": "2008-01-17",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Pakistan’s economy continued to perform strongly owing to sound macroeconomic management and structural reform.\n- Publication date: January 17, 2008.\n- Series: Country Report No. 2008/021.\n- Pages: 55.\n- Issue: 021.\n- Volume: 2008.\n- DOI: https://doi.org/10.5089/9781451830712.002.\n- ISBN: 9781451830712.\n- ISSN: 1934-7685.\n- Stock No: 1PAKEA2008001."
    },
    {
      "heading": "Major findings and assessments",
      "content": "- Macroeconomic performance:\n  - Pakistan’s economy continued to perform strongly owing to sound macroeconomic management and structural reform.\n- External sector and inflation:\n  - Executive Directors advised that tight fiscal and monetary policies are required to reduce inflation and the external current account deficit while lessening pressures on real interest rates.\n- Legal and regulatory developments:\n  - Directors welcomed the enactment of the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CLT) ordinance.\n- Structural reforms and public management:\n  - Directors underscored the need to modernize the energy sector’s regulatory and tariff framework and revive the privatization process.\n  - Directors urged action to strengthen public financial management."
    },
    {
      "heading": "Policy recommendations",
      "content": "- Fiscal and monetary policy:\n  - Maintain tight fiscal and monetary policies to:\n    - Reduce inflation.\n    - Reduce the external current account deficit.\n    - Lessen pressures on real interest rates.\n- Legal and financial integrity:\n  - Implement and build on the AML/CLT ordinance to strengthen anti-money laundering and counter–financing of terrorism frameworks.\n- Energy and privatization:\n  - Modernize the energy sector’s regulatory and tariff framework.\n  - Revive the privatization process for relevant state-owned enterprises.\n- Public financial management:\n  - Take actions to strengthen public financial management systems and practices."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Balance of payments, Current account deficits, Expenditure, External debt, Foreign exchange, Public debt.\n- Keywords: consultation, consultation informational annex, CR, Current account deficits, deficit, financing of the budget point, Global, government, import growth, ISCR, SBP's financing, WEO oil price.\n\nSource: Pakistan: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Pakistan, January 17, 2008.\n\n---\n\n Content in this bundle\n\n- cr0821\n  - cr0821 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0821 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/pakistan-2007-article-iv-consultation-staff-report-staff-statement-public-information-notice-21607"
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    "Published: January 17, 2008",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451830712.002",
    "Pakistan’s economy continued to perform strongly owing to sound macroeconomic management and structural reform.",
    "Publication date: January 17, 2008.",
    "Series: Country Report No. 2008/021.",
    "Pages: 55.",
    "Issue: 021.",
    "Volume: 2008.",
    "DOI: https://doi.org/10.5089/9781451830712.002.",
    "ISBN: 9781451830712.",
    "ISSN: 1934-7685.",
    "Stock No: 1PAKEA2008001.",
    "Macroeconomic performance:",
    "External sector and inflation:",
    "Legal and regulatory developments:",
    "Structural reforms and public management:",
    "Fiscal and monetary policy:",
    "Legal and financial integrity:",
    "Energy and privatization:",
    "Public financial management:",
    "Subject: Balance of payments, Current account deficits, Expenditure, External debt, Foreign exchange, Public debt.",
    "Keywords: consultation, consultation informational annex, CR, Current account deficits, deficit, financing of the budget point, Global, government, import growth, ISCR, SBP's financing, WEO oil price.",
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