Cover IMF Staff Country Reports
Pakistan: Recent Economic Developments
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar
PubMedClose
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1996: Issue 008
Language:
English
Publication Date:
15 Feb 1996
DOI:
https://doi.org/10.5089/9781451830408.002
ISBN:
9781451830408
ISSN:
1934-7685
Pages:
112
Keywords:
ISCR; CR; U.S. dollar; foreign currency; rate of return; commercial bank; exchange rate; debt service; private sector; import duty; income tax; Exports; Imports; Tariffs; Commercial banks; Global; Middle East; Eastern Europe; Central Asia; South Asia
Download PDF (5.1 MB) Download Epub
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.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 1996: Issue 008