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Document Type
Conference Paper
Publication Date
4-15-2005
Conference Name
Embassy of Pakistan Seminar
Conference Location
Washington D.C.
Conference Dates
April 15, 2005
Series
Faculty Research - Book Chapters and Conference Papers
First Page
1
Last Page
12
Keywords
Economy, Challenges, Pakistan
Abstract / Description
During the last five years, Pakistan has traversed the road from a difficult default situation on its external payments to a vigilant program under the International Monetary Fund and finally reestablished access to international capital markets. GDP growth rate has exceeded 6 percent, inflation had remained under control for four out of five years, fiscal deficit has been reduced significantly, public debt ratios have declined, external debt burden has been lowered, exchange rate has remained stable, exports have almost doubled, tax revenues are recording double digit growth, interest rates had never been at such low levels in the history, remittances of Pakistanis overseas have multiplied by a factor of four, foreign exchange reserves have expanded twelve times from their 1999 level and unemployment is on a downward slide.
Recommended Citation
Husain, I. (2005). Pakistan’s economic achievements, prospects and challenges., 1-12. Retrieved from https://ir.iba.edu.pk/faculty-research-series/204
