IMF Staff Country Reports

Pakistan: Recent Economic Developments

Publication Date:

February 15, 1996

Summary:

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.

Series:

Country Report No. 1996/008

Subject:

Bank deposits Banking Commercial banks Expenditure Exports Financial institutions Imports International trade Tariffs Taxes

Notes:

This report on recent economic developments in Pakistan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do nor necessarily reflect the views of the Government of Pakistan or the Executive Board of the IMF.