 Options to support urban infrastructure delivery in Pakistan – a survey for the province of Khyber Pakhtunkhwa Abstract: Pakistan has 191.7 million inhabitants with a population that is increasing by 1.92 percent per annum. More than 60% of Pakistan’s population currently lives in rural areas. However, the rural population is moving towards cities due to diminishing work opportunities in the agricultural sector. For this reason, a further investment in local infrastructure is essential. Moreover, in the last ten years, the economy of Pakistan has faced various domestic and external shocks such as the earthquake of 2005, the flood of 2010, the worldwide financial crisis of 2008 and the unsolved energy crisis. The deterioration in the power sector, in particular, is one of the main constraints on growth since power cuts have shaved 2% off the annual GDP growth and for this reason the Pakistan economy has annually grown by only 3.3 % in the last five years, while inflation has been overcome and is currently not a danger for the economic performance of Pakistan. One of the poorest part of Pakistan is the province of Khyber Pakhtunkhwa and this paper provides for the first time a detailed overview of the local public finance system in this provinceJan Werner (jan.werner@publicfinance.de) No 01-2016, Working Papers from Institute of Local Public Finance Keywords: Infrastructure financing; General regional economics; Taxes and grants; Pakistan (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:lpf:wpaper:01-2016 Access Statistics for this paper More papers in Working Papers from Institute of Local Public Finance |
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