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

_IMF Staff Country Reports, March 14, 2018_

## Source details

**Canonical URL:** [Pakistan: First Post-Program Monitoring Discussions-Press Release; Staff Report; and Statement by the Executive Director for Pakistan](https://www.imf.org/en/publications/cr/issues/2018/03/14/pakistan-first-post-program-monitoring-discussions-press-release-staff-report-and-statement-45724)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/03/14/pakistan-first-post-program-monitoring-discussions-press-release-staff-report-and-statement-45724/index.md)
- [Structured JSON version](/en/publications/cr/issues/2018/03/14/pakistan-first-post-program-monitoring-discussions-press-release-staff-report-and-statement-45724/index.json)
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## Bibliographic details
- Published: March 14, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484347188.002

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### Summary findings
- 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.
- Growth drivers cited: improved power supply, investment related to the China–Pakistan Economic Corridor, strong consumption growth, and ongoing recovery in agriculture.
- Inflation has remained contained.
- Continued erosion of macroeconomic resilience could put this outlook at risk.

### External sector and reserves
- The FY2017/18 current account deficit could reach 4.8 percent of GDP.
- Gross international reserves are expected to decline further in a context of limited exchange rate flexibility.

### Thematic coverage (as listed)
- Economic sectors
- Exchange rate flexibility
- External debt
- Fiscal policy
- Fiscal stance
- Foreign exchange
- Public debt
- Public sector

### Keywords and program context
- China-Pakistan Economic Corridor
- CR
- debt
- Exchange rate flexibility
- Fiscal stance
- Global
- government, incl. IMF
- ISCR
- prudent fiscal policy
- Public sector
- staff appraisal
- staff's projection

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr1878.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr1878.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2018/03/14/pakistan-first-post-program-monitoring-discussions-press-release-staff-report-and-statement-45724_