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Making growth matter : Pakistan development update (English)

Pakistan’s growth accelerated in FY16, driven by consumption while investment remained low. Exports continued to fall when soft global demand exacerbated the effects of Pakistan’s long-term decline in competitiveness. After achieving macroeconomic stability, the government continued to deliver on its structural reform agenda in FY16, but much remains to be done if growth is to bestrengthened and sustained. The report begins with a chapter on economic developments, withsections on growth, fiscal policy, the external sector and monetary developments. The second chapter provides an outlook and describes upcoming challenges, including structural reform needs and progress in social indicators. The final chapter identifies several topical issues for detailed analysis, including sections on poverty, nutrition, Karachi urban planning and infrastructure, and the FY17 federal budget.

Details

  • Document Date

    2016/11/01

  • Document Type

    Working Paper

  • Report Number

    109961

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Pakistan,

  • Region

    South Asia,

  • Disclosure Date

    2016/11/09

  • Disclosure Status

    Disclosed

  • Doc Name

    Making growth matter : Pakistan development update

  • Keywords

    Macro Economics &Fiscal Management;Goods and Service Tax;infrastructure and service delivery;terms of trade shock;share of world exports;small and medium enterprise;real effective exchange rate;current account deficit;total tax revenue;foreign direct investment;public debt sustainability;private sector credit;Foreign Exchange Reserve;national poverty line;stable exchange rate;total public debt;nominal exchange rate;primarily due;fall in inflation;rate of investment;return on asset;performance of contract;food energy intake;consumer price index;financial sector reform;net domestic assets;living in poverty;interest rate hike;ownership of asset;bottom income quintile;school enrolment rate;foreign investment flow;reduction in poverty;gross enrolment rate;transmission and distribution;private sector involvement;infrastructure and services;water and sewage;salary and pension;high growth rate;sales tax collection;errors and omission;interest rate environment;global value chain;decline in remittance;international finance statistic;cost of import;import of goods;income support program;international credit rating;gas infrastructure development;investments in energy;sales tax rate;multilateral development bank;foreign reserve accumulation;purchase of cars;commercial energy supply;liquified natural gas;financial sector specialist;repatriation of profit;average tariff rate;government's reform program;balance of payment;trade deficit;fiscal deficit;global demand;regulatory duty;private consumption;domestic demand;investment climate;export competitiveness;domestic saving;withholding tax;social indicator;fiscal consolidation;capital account;retail trade;monetary policy;net lending;macroeconomic environment;cotton crop;remittance flow;export growth;government service;federal government;import item;defense spending;financial account;domestic debt;financial inflow;official reserve;budget deficit;duty collection;federal budget;energy shortage;net export;recurrent budgets;investment rate;energy supplies;Macroeconomic Stability;marginal improvement;negative growth;energy reform;security situation;water transport;pipeline transport;government salary;oil price;taxpayer registration;petroleum product;remittance on growth;expenditure cut;supply side;financial deepening;higher growth;petroleum import;downside risk;provincial development;inflation rate;debt service;fiscal space;total stock;foreign currency;aggregate demand;provincial budget;manufacturing activities;advanced economy;global growth;export international;global trade;stable growth;worker's remittances;financial flow;fiscal policy;rice production;contingent liabilities;water-intensive crop;contingent liability;political uncertainty;pension payment;Fiscal policies;domestic expenditure;agriculture production;marginal increase;manufacturing sector;domestic product;significant challenge;long-term growth;saving investment gap;primary income;import growth;foreign liability;commodity price;government consumption;aggregate consumption;portfolio investment;administrative support;expenditure increase;primary deficit;domestic industry;fiscal stance;tax table;market price;government deposit;foreign investor;telecom sector;capacity utilization;average investment;net investment;government investment;distribution cost;applicable law;investment growth;trade balance;reform effort;financial loss;trade tariff;Energy Sector;economic reform;formal banking;government budget;load shedding;nutrition indicator;national economy;deposit ratio;tax measure;stunted child;budget analysis;fiscal analysis;start school;agriculture sector;reform implementation;credit growth;remittance inflow;education outcome;water quality;poor sanitation;regulatory environment;rural area;infrastructure spending;simple average;livable city;livability city;government subsidy;creating incentives;household saving;private construction;cement production;health experience;trading activity;aggregate supply;japanese yen;raw material;multilateral loan

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Citation

Making growth matter : Pakistan development update (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/935241478612633044/Making-growth-matter-Pakistan-development-update