Publication:
Pakistan Development Update, May 2017: Growth - A Shared Responsibility

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dc.contributor.authorWorld Bank
dc.date.accessioned2017-07-10T22:33:50Z
dc.date.available2017-07-10T22:33:50Z
dc.date.issued2017-05
dc.description.abstractPakistan's economy continues to grow strongly, emerging as one of the top performers in South Asia. Beneath the surface, however, a number of warning signs are emerging. Revenue growth is slowing, with the fiscal deficit growing for the first time in three years. Exports continue to fall as imports grow, substantially increasing the current account deficit. Investment rates - already low - fell further in FY16 (the latest data available). Finally, the energy sector circular debt has resurfaced. These emerging concerns suggest that renewed policy emphasis is required on macroeconomic stability - to prevent the country from losing the impressive gains achieved over the past four years - and other structural reforms such as those required in the energy sector. While the federal government necessarily carries the majority of this burden, provincial governments also have a part to play. The special sections of this update analyze some of the specific challenges facing Pakistan's most populous province, Punjab, including increasing own-source revenue, equipping youth with employable skills and ensuring the poor share in the benefits of growth. Punjab, along with federal and other provincial governments, is also confronted with the urgent task of lifting agricultural productivity and addressing distortive subsidies, which are impeding growth.en
dc.identifierhttp://documents.worldbank.org/curated/en/536431495225444544/Pakistan-Development-Update-Spring-2017
dc.identifier.doi10.1596/27544
dc.identifier.urihttps://hdl.handle.net/10986/27544
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Islamabad
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectMONETARY POLICY
dc.subjectBALANCE OF PAYMENTS
dc.subjectSTRUCTURAL REFORM
dc.subjectJOB CREATION
dc.subjectAGRICULTURE
dc.subjectPOVERTY REDUCTION
dc.subjectSHARED PROSPERITY
dc.titlePakistan Development Update, May 2017en
dc.title.subtitleGrowth - A Shared Responsibilityen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titlePakistan Development Update, May 2017
okr.date.disclosure2017-05-19
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/536431495225444544/Pakistan-Development-Update-Spring-2017
okr.guid536431495225444544
okr.identifier.doi10.1596/27544
okr.identifier.externaldocumentum090224b084ba2518_1_0
okr.identifier.internaldocumentum27484466
okr.identifier.report115187
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/536431495225444544/pdf/115187-WP-PUBLIC-P161410-77p-Pakistan-Development-Update-Spring-2017.pdfen
okr.region.administrativeSouth Asia
okr.region.countryPakistan
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicPoverty Reduction::Employment and Shared Growth
okr.topicPoverty Reduction::Inequality
okr.unitGMF - South Asia (GMF06)
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