The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
The distribution of poor population in Pakistan suggests that almost 75 percent of the poor are clustered around the poverty line. The economy moved to a higher growth trajectory in the vicinity of 6-7 percent real GDP growth during FY 2002-07, and resultantly the poverty declined substantially in FY 2004/05. The productive capacity of the economy remained alien to this higher growth and new industrial capacity was hardly added to the economy. The fiscal year 2007/08 was a volatile year for Pakistan's economy both on domestic and external fronts.