TY - BOOK ID - 84783713 TI - Pakistan : Staff Report for the 2015 Article IV Consultation, Ninth Review Under the Extended Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Request for Modification of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Pakistan. PY - 2016 SN - 1513539469 1513552201 1513580337 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Economic development KW - Development, Economic KW - Economic growth KW - Growth, Economic KW - Economic policy KW - Economics KW - Statics and dynamics (Social sciences) KW - Development economics KW - Resource curse KW - Banks and Banking KW - Exports and Imports KW - Macroeconomics KW - Public Finance KW - Industries: Energy KW - Statistics KW - Debt KW - Debt Management KW - Sovereign Debt KW - Energy and the Macroeconomy KW - Taxation, Subsidies, and Revenue: General KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - International Lending and Debt Problems KW - Public Enterprises KW - Public-Private Enterprises KW - Public finance & taxation KW - Petroleum, oil & gas industries KW - Banking KW - International economics KW - Civil service & public sector KW - Public debt KW - Energy sector KW - Revenue administration KW - External debt KW - Economic sectors KW - Public sector KW - Debts, Public KW - Energy industries KW - Revenue KW - Banks and banking KW - Debts, External KW - Finance, Public KW - Pakistan UR - https://www.unicat.be/uniCat?func=search&query=sysid:84783713 AB - This 2015 Article IV Consultation highlights that starting from a difficult position in 2013, Pakistan has made substantial progress in reducing near-term economic vulnerabilities. Economic growth gradually increased from 3.7 percent in FY2012/13 to 4.2 percent in FY2014/15. During the same period, efforts to reduce power subsidies and raise tax revenue have lowered the budget deficit from 8.4 to 5.4 percent of GDP, although part of this adjustment reflected clearance of quasi-fiscal liabilities in the energy sector in 2013. In the medium term, growth is expected to reach about 5.5 percent, and inflation is expected to gradually rebound to the State Bank of Pakistan’s target of mid-single digits. ER -