Pakistan: Recent Economic Developments
February 15, 1996
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This paper reviews economic developments in Pakistan during 1990–95. The authorities succeeded in reducing the budget deficit and in slowing down the growth of the net domestic assets of the banking system in 1993/94. These tighter financial policies led to a marked reduction in the macroeconomic imbalances that had flared up in 1992/93; in particular, they were reflected in a much narrower external current account deficit. Moreover, the strong stance of demand management contributed to a turnaround in private sector confidence, which was evidenced by large capital inflows.
Subject: Bank deposits, Banking, Commercial banks, Expenditure, Exports, Financial institutions, Imports, International trade, Tariffs, Taxes
Keywords: Central Asia, commercial bank, Commercial banks, CR, debt service, Eastern Europe, exchange rate, Exports, foreign currency, Global, import duty, Imports, income tax, ISCR, Middle East, private sector, rate of return, South Asia, Tariffs, U.S. dollar
Pages:
112
Volume:
1996
DOI:
Issue:
008
Series:
Country Report No. 1996/008
Stock No:
1PAKEA0011996
ISBN:
9781451830408
ISSN:
1934-7685
Notes
This report on recent economic developments in Pakistan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do nor necessarily reflect the views of the Government of Pakistan or the Executive Board of the IMF.
