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Pakistan - Country snapshot (英语)

A mild recovery is underway, macroeconomic stabil¬ity has largely been restored and key external risks are lower. The record increase in remittances and stable agricultural performance continues to sup¬port a steady growth outlook. Prospects for contin¬ued growth appear reasonably bright, supported by strong fiscal consolidation and an improved external position. Downside risks, chiefly the China slowdown, may affect this outlook. For sustained and inclusive growth, Pakistan needs to successfully implement reforms in energy and taxation, and increase invest¬ment. Pakistan’s economic growth is pro¬jected to accelerate to 4.5 percent in FY2016 and then further to 4.8 percent in FY2017 supported by strong growth in industry and services. Investment is ex¬pected to increase to 15.4 percent of GDP by FY2017 on account of operationaliza¬tion of China Pakistan Economic Corri¬dor (CPEC)-related projects. Inflation is projected to stay low in view of low com¬modity prices, exchange rate stability and a prudent fiscal policy. The slowdown in China, if protracted, could have adverse effects on investment and trade, and Pakistan may not have the ability to ab¬sorb external shocks in the absence of strong buffers. Furthermore, realization of tax revenue targets largely hinges on steady implementation of tax reform agenda. Fiscal consolidation may also be negatively affected by delayed implementation of the government’s privatization agenda. Moreover, for the economy to accelerate in the long run, key growth constraints like electricity shortages, cum¬bersome business climate, complex trade regime, low access to finance and security situation need to be addressed.


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    Pakistan - Country snapshot

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    water;liters per capita per day;federal public sector;impact of climate change;rural water supply scheme;gross fixed capital formation;access to water supply;access to safe water;lack of wastewater treatment;Agriculture;fiscal consolidation;consumer price index;current account deficit;Energy;barriers to growth;share of revenue;delivery of service;land use plan;loss of use;world oil price;gross domestic product;inefficient water use;fish breeding grounds;limited liability company;fiscal consolidation effort;per capita income;gas and electricity;international oil price;raising tax revenue;reduction in consumption;national water policy;automation of business;transportation and infrastructure;climate change impact;Foreign Exchange Reserve;total public debt;short of target;costs of storage;Public Financial Management;Rule of Law;national poverty rate;water allocation system;transmission and distribution;total labor force;access to finance;cost of supply;liquefied natural gas;absence of violence;water supply coverage;control of corruption;exchange rate stability;collection of tax;tax reform agenda;area of governance;prudent fiscal policy;improved service delivery;private sector credit;world health organization;quantity of wastewater;foreign exchange market;alternative water supply;financial working ratio;annual budget cycle;perception of corruption;increase in remittance;improved water source;road transport industry;cash operating cost;return on asset;poverty poverty;demand for bank;Public Services;business environment;distribution company;federal government;land supply;minority investor;freight traffic;credit quality;total energy;water resource;Financial Sector;external trade;fuel supplier;energy shortage;load shedding;corporate governance;urban growth;national gdp;banking sector;security situation;agriculture sector;external position;regulatory quality;political stability;poverty estimate;private property;poverty debate;provincial debt;Poverty Measurement;human life;downward spiral;aviation sector;security risk;loss-making enterprise;political party;petty corruption;political parties;domestic borrowing;special education;resource constraint;government's vision;saline water;economic sector;physical condition;open defecation;passenger train;irrigated land;Agricultural R&D;road death;crash data;asset creation;dry port;small cities;total traffic;sewerage network;asset maintenance;energy security;financial difficulties;road system;smaller road;rural area;road density;commercial practice;manufacturing sector;foreign trade;arable land;irrigation system;inadequate sanitation;canal water;groundwater extraction;railway system;private finance;farmer organization;poor sanitation;water quality;sales tax;fiscal effort;water stress;air passenger;utility service;investment level;production target;water availability;price distortion;water sample;food insecurity;research agenda;road safety;Water Security;regulatory authority;auditor general;international agency;Energy Sector;Tax Exemption;fiscal space;corporate profitability;regular monitoring;client feedback;public revenue;budget classification;outcome indicator;Open Budget;federal level;real cost;Business Regulation;high energy;Job Creation;fiscal cost;legislative framework;government support;investment program;electric current;investor confidence;market cap;foreign port;auditing standard;risk appetite;loan portfolio;adequate provision;financial enterprises;corporate sector;legislative scrutiny;governance reform;budgetary reform;Power Generation;budget resource;budget adjustment;liquid asset;financial rule;judicial system;reform effort;commercial sector;fair competition;revenue administration;critical infrastructure;property registration;private investment;legal basis;internal control;capital adequacy;capacity constraint;subsidiary right;photo credit;net inflows;international reserve;Bank Credit;market price;factor price;absolute poverty;net export;data bases;program evaluation