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Pakistan: Staff Report for the 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility Arrangement, and Request for Waivers of Performance Criteria
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2002: Issue 246
Language:
English
Publication Date:
05 Mar 2004
DOI:
https://doi.org/10.5089/9781451830521.002
ISBN:
9781451830521
ISSN:
1934-7685
Pages:
106
Keywords:
ISCR; CR; government; privatization agenda; September data; revenue target; PRGF loan; inflation low; Pakistani rupee; tariff framework; Privatization; Public sector; South Asia; Global
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The economic outlook remains clouded by regional and domestic security concerns. Real GDP growth and inflation were broadly in line with program projections in 2001–02. The balance of payments position unproved faster than expected. The budget deficit target for 2001–02 (as set during the first review) was met, despite a shortfall in the Central Board of Revenue (CBR). Broad money increased strongly in 2001–02, despite efforts to sterilize foreign exchange inflows. Reforms in the financial sector made significant progress.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund