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Pakistan :, Staff Report for the 2011 Article IV Consultation and Proposal for Post-Program Monitoring

Pakistan :, Staff Report for the 2011 Article IV Consultation and Proposal for Post-Program Monitoring
Pakistan has implemented some reforms, including improvements in tax administration, removal of some tax exemptions, and the introduction of an interest rate corridor. The macroeconomic policies are overly expansionary and fundamental reforms to resolve the economy’s structural problems are not being tackled well. There is broad concurrence between the authorities and the mission on policy priorities, namely, tighter fiscal policy, a less accommodative monetary policy stance, and structural reforms. The government recognizes that the economy has performed well below its potential and requires an annual average rate of 7 percent to absorb youth labor growth
international or intergovernmental publication
Literary Form
non fiction
Main title
Pakistan :
Nature of contents
Series statement
IMF Staff Country Reports
Sub title
Staff Report for the 2011 Article IV Consultation and Proposal for Post-Program Monitoring
Table Of Contents
""Cover""; ""CONTENTS""; ""INTRODUCTION""; ""BACKGROUND""; ""A. Key Features of Pakistan�s Economy and Policy Framework""; ""B. Economic Outcomes""; ""OUTLOOK AND RISKS""; ""POLICY DISCUSSIONS""; ""A. Fiscal Policy""; ""B. Financial Policies""; ""C. Structural Reforms""; ""OTHER ISSUES""; ""STAFF APPRAISAL""; ""TABLES""; ""1. Selected Economic Indicators, 2008/09�2011/12""; ""2. Balance of Payments, 2008/09�2015/16""; ""3a. General Government Budget, 2008/09�2011/12""; ""3b. General Government Budget, 2008/09�2011/12""""3c. General Government Budget GFSM 2001 Presentation, 2009/10�2011/12""""4. Monetary Survey, 2008/09�2011/12""; ""5. Financial Soundness Indicators for the Banking System""; ""6. Medium-Term Macroeconomic Framework, 2008/09�2015/16""; ""7. Indicators of Fund Credit, 2008/09�2015/16""; ""8. Selected Vulnerability Indicators, 2008/09�2015/16""; ""9. External Debt Sustainability Framework, 2008/09�2016/17""; ""10. Public Sector Debt Sustainability Framework, 2008/09�2015/16""; ""FIGURES""; ""1. Selected Indicators�Regional Comparisons, 1980�2011""""2. Selected Economic Indicators, 2008�11""""3. Selected Financial Indicators, 2008�11""; ""4. External Debt Sustainability: Bound Tests, 2007/08�2015/16""; ""5. Public Debt Sustainability: Bound Tests, 2007/08�2015/16""; ""6. Baseline and Reform Scenarios, 2006/07�2015/16""; ""BOXES""; ""1. Pakistan�s New Growth Strategy""; ""2. Why is Inflation in Pakistan So High and Persistent?""; ""3. Assessment of the Real Effective Exchange Rate and External Competitiveness""; ""4. Seminar on Reviving Growth in Pakistan""; ""APPENDICES""""1. Fiscal Decentralization in Pakistan: Too Much, Too Fast?""""2. Financial Sector Competition""; ""3. Creating Jobs for the Growing Labor Force""; ""4. Banking Sector Vulnerabilities""; ""5. Workers� Remittances: Defying Gravity?""; ""CONTENTS""; ""RELATIONS WITH THE FUND""; ""RELATIONS WITH THE WORLD BANK""; ""RELATIONS WITH THE ASIAN DEVELOPMENT BANK""; ""STATISTICAL ISSUES""