IMF Staff Country Reports

Pakistan: 2021 Article IV Consultation, Sixth Review Under the Extended Arrangement Under the Extended Fund Facility, and Requests for Waivers of Applicability and Nonobservance of Performance Criteria and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Pakistan

February 4, 2022

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Pakistan: 2021 Article IV Consultation, Sixth Review Under the Extended Arrangement Under the Extended Fund Facility, and Requests for Waivers of Applicability and Nonobservance of Performance Criteria and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Pakistan, (USA: International Monetary Fund, 2022) accessed December 23, 2024

Summary

Economic activity has rebounded strongly on the back of waning COVID-19 infections and expansionary fiscal and monetary policies. However, strong import growth—fueled by the macroeconomic policy mix, higher international commodity prices, and credit growth—have led to a marked deterioration of the external position. The current account deficit has widened, the rupee depreciated markedly, and inflation remains persistently high.

Subject: Economic sectors, Environment, Exports, Greenhouse gas emissions, International organization, International trade, Monetary policy, Public debt, Public enterprises, Revenue administration

Keywords: Central Asia, Covid pandemic, Exports, Global, Greenhouse gas emissions, H. SOE sector reform, Middle East, North Africa, Policy recommendation, Public enterprises, SOE debt, Test positivity rate

Publication Details

  • Pages:

    174

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2022/027

  • Stock No:

    1PAKEA2022001

  • ISBN:

    9798400200212

  • ISSN:

    1934-7685

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