{
  "title": "Pakistan: Staff Report for the 2011 Article IV Consultation and Proposal for Post-Program Monitoring.",
  "publication": "IMF Staff Country Reports, February 7, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/pakistan-staff-report-for-the-2011-article-iv-consultation-and-proposal-for-post-program-25714",
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  "summary": "Pakistan has implemented some reforms, including improvements in tax administration, removal of some tax exemptions, and the introduction of an interest rate corridor.",
  "publishDate": "2012-02-07",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Key findings and assessment",
      "content": "- Pakistan has implemented some reforms, including improvements in tax administration, removal of some tax exemptions, and the introduction of an interest rate corridor.\n- The macroeconomic policies are overly expansionary and fundamental reforms to resolve the economy’s structural problems are not being tackled well.\n- There is broad concurrence between the authorities and the mission on policy priorities, namely, tighter fiscal policy, a less accommodative monetary policy stance, and structural reforms.\n- The government recognizes that the economy has performed well below its potential and requires an annual average rate of 7 percent to absorb youth labor growth."
    },
    {
      "heading": "Policy recommendations and priorities",
      "content": "- Tighten fiscal policy to reduce the current overly expansionary stance.\n- Adopt a less accommodative monetary policy stance, consistent with the introduction of an interest rate corridor.\n- Implement fundamental structural reforms to address underlying structural problems and raise potential growth toward the required annual average rate of 7 percent to absorb youth labor growth.\n- Continue strengthening tax administration and removing inefficient tax exemptions to bolster revenue."
    },
    {
      "heading": "Analytical focus areas and subjects covered",
      "content": "- External debt\n- Government debt management\n- Inflation, Prices\n- Public debt\n- Public financial management (PFM)\n- Revenue administration\n\nPakistan: Staff Report for the 2011 Article IV Consultation and Proposal for Post-Program Monitoring. February 7, 2012.\n\n---\n\n Content in this bundle\n\n- cr1235\n  - cr1235 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1235 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/pakistan-staff-report-for-the-2011-article-iv-consultation-and-proposal-for-post-program-25714"
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    "Published: February 7, 2012",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781463939090.002",
    "Pakistan has implemented some reforms, including improvements in tax administration, removal of some tax exemptions, and the introduction of an interest rate corridor.",
    "The macroeconomic policies are overly expansionary and fundamental reforms to resolve the economy’s structural problems are not being tackled well.",
    "There is broad concurrence between the authorities and the mission on policy priorities, namely, tighter fiscal policy, a less accommodative monetary policy stance, and structural reforms.",
    "The government recognizes that the economy has performed well below its potential and requires an annual average rate of 7 percent to absorb youth labor growth.",
    "Tighten fiscal policy to reduce the current overly expansionary stance.",
    "Adopt a less accommodative monetary policy stance, consistent with the introduction of an interest rate corridor.",
    "Implement fundamental structural reforms to address underlying structural problems and raise potential growth toward the required annual average rate of 7 percent to absorb youth labor growth.",
    "Continue strengthening tax administration and removing inefficient tax exemptions to bolster revenue.",
    "External debt",
    "Government debt management",
    "Inflation, Prices",
    "Public debt",
    "Public financial management (PFM)",
    "Revenue administration",
    "**_cr1235**"
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