World Bank2017-06-272017-06-272011-06https://hdl.handle.net/10986/27404For the last three years, Pakistan has been making efforts to revive strong and sustained growth. The economy was badly destabilized by the turmoil in the international commodity and financial markets in 2007-2008 and the lack of adequate domestic policy responses to manage those external shocks. The task of stabilizing the economy and reviving the economic recovery has been made difficult by an adverse security situation and domestic politics that has prevented the government from taking timely required, but difficult, stabilization measures. The devastating floods in July-August last year and the recent increase in international oil and food prices have exacerbated the problem. In addition, Pakistan continues to face significant political challenges in achieving durable development. The domestic security situation as a result of campaign against terrorism is a direct and indirect tax on the costs of economic activity and the achievement of the kinds of social stability required to promote a supportive environment for businesses.en-USCC BY 3.0 IGOACCESS TO FINANCEACCOUNTINGADMINISTRATIVE CAPACITYAGRICULTURAL OUTPUTAGRICULTURAL PRODUCTSAGRICULTURAL SECTORAGRICULTUREAUCTIONSAUTONOMYBALANCE OF PAYMENTSBALANCE SHEETSBANK LENDINGBANKING INDUSTRYBANKING SECTORBANKING SYSTEMBANKRUPTCYBASIS POINTSBIDBOARDS OF DIRECTORSBOND SPREADSBONDSBROAD MONEYBUDGET DEFICITBUDGETARY SUPPORTBUSINESS COMMUNITYCAPITAL ADEQUACYCASH TRANSFERCASH TRANSFERSCDSCENTRAL BANKCOMMERCIAL BANKSCOMMODITIESCOMMODITYCOMMODITY PRICESCOMPREHENSIVE STRATEGYCONSOLIDATIONCONSUMER DURABLESCONSUMERSCOUNTRY RISKCREDIT DEFAULTCREDIT DEFAULT SWAPCREDIT REQUIREMENTCREDIT RISKSCURRENT ACCOUNTCURRENT ACCOUNT DEFICITDEBTDEBT MANAGEMENTDEBT OBLIGATIONSDEBT SERVICEDEMAND FOR CREDITDEPOSITSDEVOLUTIONDIRECT INVESTMENTDISBURSEMENTDOMESTIC BANKDOMESTIC INTEREST RATESDOMESTIC PRICEDOMESTIC SECURITYDURABLEEARNINGSECONOMIC ACTIVITYECONOMIC CONDITIONSECONOMIC DEVELOPMENTSECONOMIC GROWTHECONOMIC OUTLOOKECONOMIC REFORMSEMERGING MARKETEMERGING MARKET ECONOMIESEXCHANGE COMMISSIONEXPENDITUREEXPENDITURESEXPORT EARNINGSEXPORT GROWTHEXPORTSEXTERNAL FINANCINGEXTERNAL SHOCKSFEDERAL TAXFINANCIAL COMPANIESFINANCIAL CRISISFINANCIAL MARKETSFINANCIAL PRODUCTFINANCIAL SECTORFINANCIAL SERVICESFINANCIAL STABILITYFINANCIAL SYSTEMFINANCING SOURCESFISCAL CONSOLIDATIONFISCAL DEFICITFISCAL POLICYFISCAL SUPPORTFIXED CHARGESFOOD PRICESFOREIGN ASSETSFOREIGN CURRENCYFOREIGN EXCHANGEFOREIGN EXCHANGE MARKETFOREIGN EXCHANGE RESERVEFOREIGN EXCHANGE RESERVESFOREIGN LOANSGOVERNMENT BORROWINGGOVERNMENT DEBTGOVERNMENT SECURITIESGOVERNMENT SECURITIES MARKETHOLDINGHOLDING COMPANYHOUSEHOLDSINCOMEINCOMESINFLATIONINFLATIONARY EXPECTATIONSINFLATIONARY PRESSUREINFLATIONARY PRESSURESINSTITUTIONAL REFORMSINSURANCEINTEREST PAYMENTINTEREST PAYMENTSINTEREST RATESINTERNATIONAL BONDINVESTMENT ASSETSINVESTMENT CLIMATELAWSLEGISLATIONLEVYLIABILITYLIQUID ASSETSLIQUIDITYLOANLOCAL GOVERNMENTM2MACROECONOMIC MANAGEMENTMARKET PRICESMICRO-ENTREPRENEURSMONETARY POLICYMORTGAGEMORTGAGE LOANSNATIONAL SAVINGSNON-PERFORMING LOANSNPLOIL PRICESOUTPUTPLEDGESPOLICY RESPONSESPOLLUTIONPORTFOLIOPORTFOLIO INVESTMENTPORTFOLIO INVESTMENTSPOVERTY ALLEVIATIONPRIVATE SECTOR CREDITPRIVATE SECTOR DEVELOPMENTPRIVATE SECTOR GROWTHPRIVATIZATIONPROFITABILITYPUBLIC DEBTPUBLIC SPENDINGREAL GDPRECEIPTSREFORM PROGRAMREGULATORY REQUIREMENTREMITTANCEREMITTANCESREPAYMENTSRETURNRETURN ON ASSETSRETURN ON EQUITYREVENUE MOBILIZATIONSALES TAXESSAVINGS SCHEMESSECURITIESSOCIAL WELFARESOLVENCYSTATE BANKSTATE BANK OF PAKISTANSTOCKSSUSTAINABILITY ANALYSIST-BILLTAXTAX ADMINISTRATIONTAX COLLECTIONTAX EXEMPTIONSTAX STRUCTURETERRORISMTOTAL REVENUETRADE BALANCETRADITIONAL MARKETSTRANSPORTUNIONVALUE ADDEDVOLATILITYWAGESReportWorld Bank10.1596/27404