Pakistan Development Policy Review : A New Dawn?
This Development Policy Review describes, and evaluates the Government of Pakistan's policies, in six critical areas : governance, investing in people, macroeconomic sustainability, the financial sector, the investment climate for the private...
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| Format: | Pre-2003 Economic or Sector Report |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2002/04/1758906/pakistan-development-policy-review-new-dawn http://hdl.handle.net/10986/15425 |
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okr-10986-15425 |
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oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
POLICY FRAMEWORK POLICY REFORM DEVELOPMENT POLICY & PLANNING GOVERNANCE APPROACH DEVOLUTION TO CIVIL SOCIETY CIVIL SERVICE REFORMS CORRUPTION FINANCIAL MANAGEMENT INSTITUTIONAL FRAMEWORK BUDGET PROCESS SOCIAL INEQUALITY ILLITERACY RATES HEALTH CARE DELIVERY GENDER GAP MACROECONOMIC POLICY PUBLIC DEBT DEFENSE POLICY FINANCIAL SECTOR STATE-OWNED ENTERPRISES INSTITUTIONAL FRAMEWORK FINANCIAL INSTITUTIONS INVESTMENT ENVIRONMENT POVERTY REDUCTION AGRICULTURAL DEVELOPMENT RURAL POVERTY WATER MANAGEMENT AGRICULTURAL REFORMS REFORM IMPLEMENTATION TAX REFORMS FISCAL SUSTAINABILITY PRIVATIZATION RISK MANAGEMENT NATIONAL ELECTIONS INTEREST GROUPS ECONOMIC GROWTH AGRICULTURAL MARKETS TECHNOLOGY DEVELOPMENT IRRIGATION DEVELOPMENT PRUDENTIAL REGULATIONS TAXATION TARIFF POLICY SOCIAL SECTOR INVESTMENT CAPITAL MARKETS EXPENDITURE ANALYSIS ACCOUNTABILITY ADVERSE CONSEQUENCES AGRICULTURE BALANCE OF PAYMENTS BALANCE SHEETS BANK DEPOSITS BANKING SYSTEM BONDS BORROWING BRIBERY BUREAUCRACY CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL FORMATION CAPITAL MARKETS CITIZEN CITIZENS CIVIL SERVICE COMMERCIAL BANKS COMPARATIVE ADVANTAGE CORRUPTION CRISES DEBT DEBT SERVICE DECENTRALIZATION DEMOCRACY DEVELOPMENT STRATEGY DEVOLUTION DIRECT INVESTMENT DISTRICT GOVERNMENTS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC SHOCKS ELECTRICITY EMPLOYMENT EXCHANGE RATE EXCHANGE RATES EXPENDITURES EXPORTS FINANCIAL ASSETS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL RESOURCES FINANCIAL SECTOR FISCAL DECENTRALIZATION FISCAL DEFICITS FISCAL YEAR FOREIGN CURRENCY DEPOSITS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTORS GDP GOVERNANCE REFORMS GOVERNMENT INTERVENTION GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HEALTH SPENDING HOUSING HUMAN CAPITAL HUMAN DEVELOPMENT IMPORT TARIFFS IMPORTS INCOME INCOME LEVEL INDUSTRIALIZATION INEQUALITY INFANT MORTALITY INFLATION INSTITUTIONAL REFORM INSTITUTIONAL REFORMS INSTITUTIONAL WEAKNESSES INTEREST RATE INTEREST RATES INTERMEDIATE INPUTS INTERNATIONAL TRADE INVESTMENT CLIMATE LEVEL PLAYING FIELD LOCAL AUTHORITIES LOCAL GOVERNMENT MACROECONOMICS MARKET ECONOMY MONETARY POLICY NATIONAL DEVELOPMENT NATURAL RESOURCES NDP PER CAPITA INCOME POLICY CREDIBILITY POLICY ENVIRONMENT POLITICAL INSTABILITY POLITICAL PARTICIPATION POPULATION GROWTH POVERTY ALLEVIATION POVERTY LINE PRESENT VALUE PRIVATE SECTOR PRIVATIZATION PRODUCERS PRODUCTIVITY PROVINCIAL GOVERNMENTS PROVISION OF INFRASTRUCTURE PRUDENTIAL REGULATIONS PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENT IN INFRASTRUCTURE PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SPENDING REAL GDP ROADS RULE OF LAW SECURITIES SERVICE DELIVERY SOCIAL ACTION SOCIAL VARIABLES SPECIALIZED BANKS STATE BANK OF PAKISTAN STATE ENTERPRISES TAX TAX ADMINISTRATION TAX ASSESSMENT TAX BASE TAX REVENUE TAXATION TOTAL FACTOR PRODUCTIVITY TRADE BARRIERS TRANSPORT VALUE ADDED WATER SUPPLY WATER USE |
| spellingShingle |
POLICY FRAMEWORK POLICY REFORM DEVELOPMENT POLICY & PLANNING GOVERNANCE APPROACH DEVOLUTION TO CIVIL SOCIETY CIVIL SERVICE REFORMS CORRUPTION FINANCIAL MANAGEMENT INSTITUTIONAL FRAMEWORK BUDGET PROCESS SOCIAL INEQUALITY ILLITERACY RATES HEALTH CARE DELIVERY GENDER GAP MACROECONOMIC POLICY PUBLIC DEBT DEFENSE POLICY FINANCIAL SECTOR STATE-OWNED ENTERPRISES INSTITUTIONAL FRAMEWORK FINANCIAL INSTITUTIONS INVESTMENT ENVIRONMENT POVERTY REDUCTION AGRICULTURAL DEVELOPMENT RURAL POVERTY WATER MANAGEMENT AGRICULTURAL REFORMS REFORM IMPLEMENTATION TAX REFORMS FISCAL SUSTAINABILITY PRIVATIZATION RISK MANAGEMENT NATIONAL ELECTIONS INTEREST GROUPS ECONOMIC GROWTH AGRICULTURAL MARKETS TECHNOLOGY DEVELOPMENT IRRIGATION DEVELOPMENT PRUDENTIAL REGULATIONS TAXATION TARIFF POLICY SOCIAL SECTOR INVESTMENT CAPITAL MARKETS EXPENDITURE ANALYSIS ACCOUNTABILITY ADVERSE CONSEQUENCES AGRICULTURE BALANCE OF PAYMENTS BALANCE SHEETS BANK DEPOSITS BANKING SYSTEM BONDS BORROWING BRIBERY BUREAUCRACY CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL FORMATION CAPITAL MARKETS CITIZEN CITIZENS CIVIL SERVICE COMMERCIAL BANKS COMPARATIVE ADVANTAGE CORRUPTION CRISES DEBT DEBT SERVICE DECENTRALIZATION DEMOCRACY DEVELOPMENT STRATEGY DEVOLUTION DIRECT INVESTMENT DISTRICT GOVERNMENTS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC SHOCKS ELECTRICITY EMPLOYMENT EXCHANGE RATE EXCHANGE RATES EXPENDITURES EXPORTS FINANCIAL ASSETS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL RESOURCES FINANCIAL SECTOR FISCAL DECENTRALIZATION FISCAL DEFICITS FISCAL YEAR FOREIGN CURRENCY DEPOSITS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTORS GDP GOVERNANCE REFORMS GOVERNMENT INTERVENTION GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HEALTH SPENDING HOUSING HUMAN CAPITAL HUMAN DEVELOPMENT IMPORT TARIFFS IMPORTS INCOME INCOME LEVEL INDUSTRIALIZATION INEQUALITY INFANT MORTALITY INFLATION INSTITUTIONAL REFORM INSTITUTIONAL REFORMS INSTITUTIONAL WEAKNESSES INTEREST RATE INTEREST RATES INTERMEDIATE INPUTS INTERNATIONAL TRADE INVESTMENT CLIMATE LEVEL PLAYING FIELD LOCAL AUTHORITIES LOCAL GOVERNMENT MACROECONOMICS MARKET ECONOMY MONETARY POLICY NATIONAL DEVELOPMENT NATURAL RESOURCES NDP PER CAPITA INCOME POLICY CREDIBILITY POLICY ENVIRONMENT POLITICAL INSTABILITY POLITICAL PARTICIPATION POPULATION GROWTH POVERTY ALLEVIATION POVERTY LINE PRESENT VALUE PRIVATE SECTOR PRIVATIZATION PRODUCERS PRODUCTIVITY PROVINCIAL GOVERNMENTS PROVISION OF INFRASTRUCTURE PRUDENTIAL REGULATIONS PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENT IN INFRASTRUCTURE PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SPENDING REAL GDP ROADS RULE OF LAW SECURITIES SERVICE DELIVERY SOCIAL ACTION SOCIAL VARIABLES SPECIALIZED BANKS STATE BANK OF PAKISTAN STATE ENTERPRISES TAX TAX ADMINISTRATION TAX ASSESSMENT TAX BASE TAX REVENUE TAXATION TOTAL FACTOR PRODUCTIVITY TRADE BARRIERS TRANSPORT VALUE ADDED WATER SUPPLY WATER USE World Bank Pakistan Development Policy Review : A New Dawn? |
| geographic_facet |
South Asia Pakistan |
| description |
This Development Policy Review
describes, and evaluates the Government of Pakistan's
policies, in six critical areas : governance, investing in
people, macroeconomic sustainability, the financial sector,
the investment climate for the private sector, and,
agriculture and irrigation. Governance reforms are aimed at
addressing four major issues: devolution, civil service
reform, reduction of corruption and improvement of financial
management, and institutionalizing realistic budget
processes. On investing in people, the social gap
(reinforced by gender discrepancies) show high illiteracy,
and ill-health rates, which limits the possibilities for
economic growth. To this end, spending commitments
prioritize on social sectors, and effective service
delivery. As for macroeconomic sustainability, the
unsustainable public debt poses a serious problem,
exacerbated by defense spending, which diminishes
development expenditure. This challenges the move of public
debt dynamics towards improving the investment climate,
through increased tax revenue, and limiting defense
expenditure. The financial sector is dominated by the
banking system, where state-owned institutions play a
significant role, which despite progress, much needs to be
done in strengthening prudential regulations, and capital
markets. Concurrently, the unstable investment climate
requires a regulatory framework in terms of taxes, and
tariffs. Finally, policy priorities are required to
accelerate agricultural growth on markets, technology, and irrigation. |
| format |
Economic & Sector Work :: Pre-2003 Economic or Sector Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Pakistan Development Policy Review : A New Dawn? |
| title_short |
Pakistan Development Policy Review : A New Dawn? |
| title_full |
Pakistan Development Policy Review : A New Dawn? |
| title_fullStr |
Pakistan Development Policy Review : A New Dawn? |
| title_full_unstemmed |
Pakistan Development Policy Review : A New Dawn? |
| title_sort |
pakistan development policy review : a new dawn? |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2002/04/1758906/pakistan-development-policy-review-new-dawn http://hdl.handle.net/10986/15425 |
| _version_ |
1764426917637783552 |
| spelling |
okr-10986-154252021-04-23T14:03:14Z Pakistan Development Policy Review : A New Dawn? World Bank POLICY FRAMEWORK POLICY REFORM DEVELOPMENT POLICY & PLANNING GOVERNANCE APPROACH DEVOLUTION TO CIVIL SOCIETY CIVIL SERVICE REFORMS CORRUPTION FINANCIAL MANAGEMENT INSTITUTIONAL FRAMEWORK BUDGET PROCESS SOCIAL INEQUALITY ILLITERACY RATES HEALTH CARE DELIVERY GENDER GAP MACROECONOMIC POLICY PUBLIC DEBT DEFENSE POLICY FINANCIAL SECTOR STATE-OWNED ENTERPRISES INSTITUTIONAL FRAMEWORK FINANCIAL INSTITUTIONS INVESTMENT ENVIRONMENT POVERTY REDUCTION AGRICULTURAL DEVELOPMENT RURAL POVERTY WATER MANAGEMENT AGRICULTURAL REFORMS REFORM IMPLEMENTATION TAX REFORMS FISCAL SUSTAINABILITY PRIVATIZATION RISK MANAGEMENT NATIONAL ELECTIONS INTEREST GROUPS ECONOMIC GROWTH AGRICULTURAL MARKETS TECHNOLOGY DEVELOPMENT IRRIGATION DEVELOPMENT PRUDENTIAL REGULATIONS TAXATION TARIFF POLICY SOCIAL SECTOR INVESTMENT CAPITAL MARKETS EXPENDITURE ANALYSIS ACCOUNTABILITY ADVERSE CONSEQUENCES AGRICULTURE BALANCE OF PAYMENTS BALANCE SHEETS BANK DEPOSITS BANKING SYSTEM BONDS BORROWING BRIBERY BUREAUCRACY CAPACITY BUILDING CAPITAL ADEQUACY CAPITAL FORMATION CAPITAL MARKETS CITIZEN CITIZENS CIVIL SERVICE COMMERCIAL BANKS COMPARATIVE ADVANTAGE CORRUPTION CRISES DEBT DEBT SERVICE DECENTRALIZATION DEMOCRACY DEVELOPMENT STRATEGY DEVOLUTION DIRECT INVESTMENT DISTRICT GOVERNMENTS ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC SHOCKS ELECTRICITY EMPLOYMENT EXCHANGE RATE EXCHANGE RATES EXPENDITURES EXPORTS FINANCIAL ASSETS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL RESOURCES FINANCIAL SECTOR FISCAL DECENTRALIZATION FISCAL DEFICITS FISCAL YEAR FOREIGN CURRENCY DEPOSITS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTORS GDP GOVERNANCE REFORMS GOVERNMENT INTERVENTION GROSS DOMESTIC PRODUCT GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HEALTH SPENDING HOUSING HUMAN CAPITAL HUMAN DEVELOPMENT IMPORT TARIFFS IMPORTS INCOME INCOME LEVEL INDUSTRIALIZATION INEQUALITY INFANT MORTALITY INFLATION INSTITUTIONAL REFORM INSTITUTIONAL REFORMS INSTITUTIONAL WEAKNESSES INTEREST RATE INTEREST RATES INTERMEDIATE INPUTS INTERNATIONAL TRADE INVESTMENT CLIMATE LEVEL PLAYING FIELD LOCAL AUTHORITIES LOCAL GOVERNMENT MACROECONOMICS MARKET ECONOMY MONETARY POLICY NATIONAL DEVELOPMENT NATURAL RESOURCES NDP PER CAPITA INCOME POLICY CREDIBILITY POLICY ENVIRONMENT POLITICAL INSTABILITY POLITICAL PARTICIPATION POPULATION GROWTH POVERTY ALLEVIATION POVERTY LINE PRESENT VALUE PRIVATE SECTOR PRIVATIZATION PRODUCERS PRODUCTIVITY PROVINCIAL GOVERNMENTS PROVISION OF INFRASTRUCTURE PRUDENTIAL REGULATIONS PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC GOODS PUBLIC INVESTMENT PUBLIC INVESTMENT IN INFRASTRUCTURE PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SPENDING REAL GDP ROADS RULE OF LAW SECURITIES SERVICE DELIVERY SOCIAL ACTION SOCIAL VARIABLES SPECIALIZED BANKS STATE BANK OF PAKISTAN STATE ENTERPRISES TAX TAX ADMINISTRATION TAX ASSESSMENT TAX BASE TAX REVENUE TAXATION TOTAL FACTOR PRODUCTIVITY TRADE BARRIERS TRANSPORT VALUE ADDED WATER SUPPLY WATER USE This Development Policy Review describes, and evaluates the Government of Pakistan's policies, in six critical areas : governance, investing in people, macroeconomic sustainability, the financial sector, the investment climate for the private sector, and, agriculture and irrigation. Governance reforms are aimed at addressing four major issues: devolution, civil service reform, reduction of corruption and improvement of financial management, and institutionalizing realistic budget processes. On investing in people, the social gap (reinforced by gender discrepancies) show high illiteracy, and ill-health rates, which limits the possibilities for economic growth. To this end, spending commitments prioritize on social sectors, and effective service delivery. As for macroeconomic sustainability, the unsustainable public debt poses a serious problem, exacerbated by defense spending, which diminishes development expenditure. This challenges the move of public debt dynamics towards improving the investment climate, through increased tax revenue, and limiting defense expenditure. The financial sector is dominated by the banking system, where state-owned institutions play a significant role, which despite progress, much needs to be done in strengthening prudential regulations, and capital markets. Concurrently, the unstable investment climate requires a regulatory framework in terms of taxes, and tariffs. Finally, policy priorities are required to accelerate agricultural growth on markets, technology, and irrigation. 2013-08-28T15:45:29Z 2013-08-28T15:45:29Z 2002-04-03 http://documents.worldbank.org/curated/en/2002/04/1758906/pakistan-development-policy-review-new-dawn http://hdl.handle.net/10986/15425 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Pre-2003 Economic or Sector Report Economic & Sector Work South Asia Pakistan |