Pakistan Economic Update, June 2011
For 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...
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/940941468286769907/Pakistan-economic-update http://hdl.handle.net/10986/27404 |
| Summary: | For 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. |
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