Pakistan: Staff Report for the 2006 Article IV Consultation

December 7, 2006

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Pakistan: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 26, 2024

Summary

The demand pressures associated with the large terms-of-trade gains are reflected in a fast real appreciation of the ruble, although more of this has come through nominal appreciation during the last year. The risks to the outlook are evenly balanced and depend mostly on oil price developments. Current policies raise medium-term risks. IMF staff welcomed the greater focus on inflation control, but cautioned that additional exchange rate flexibility would be needed to meet the end-2006 target, especially at a time when demand pressures are exacerbated by fiscal relaxation.

Subject: Balance of payments, Current account, Current account deficits, Expenditure, External debt, Public debt

Keywords: Authorities' objective, CR, Current account, Current account deficit, Current account deficits, Deficit, Deficit-to-GDP ratio, Global, Government, Government debt-to-GDP ratio, ISCR, Rate, Reform agenda, U.S. dollar

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/426
Stock No:

1PAKEA2006001
ISBN:

9781451830699
ISSN:

1934-7685

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