Pakistan: 2017 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Pakistan

International Monetary Fund

No 2017/212, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2017 Article IV Consultation highlights that Pakistan’s outlook for economic growth is favorable. Real GDP is estimated at 5.3 percent in FY2016/17 and strengthening to 6 percent over the medium term on the back of stepped-up China Pakistan Economic Corridor investments, improved availability of energy, and growth-supporting structural reforms. Inflation has been gradually increasing but remains contained, and the financial sector has remained sound. Key external risks include lower trading partner growth, tighter international financial conditions, a faster rise in international oil prices, and over the medium term, failure to generate sufficient exports to meet rising external obligations from large-scale foreign-financed investments.

Keywords: ISCR; CR; GDP; authority; staff; debt; exchange rate; reserve; development expenditure; margin requirement; incl. IMF; factor cost; power sector arrears; IMF obligation; prudent monetary policy stance; Current account deficits; Fiscal consolidation; Global; Central Asia; South Asia (search for similar items in EconPapers)
Pages: 74
Date: 2017-07-13
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