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Macroeconomic Policies and the Balance of Payments in Pakistan: 1972-1986

44 Pages Posted: 15 Feb 2006  

Mohsin S. Khan

International Monetary Fund (IMF)

Date Written: September 1990

Abstract

This paper describes developments in the balance of payments of Pakistan during 1972-86, focusing particularly on the factors that gave rise to external payments problems and the macroeconomics policies that were adopted by the authorities. While performance on the growth and inflation fronts compares favorably with other developing countries, the balance of payments remained persistently weak. A combination of favorable external shocks, such as the large increase in workers` remittances and sizable foreign aid inflows, allowed the economy some breathing room, but ultimately did not reduce the need for comprehensive fiscal and trade reforms to ensure medium-term viability of the balance of payments.

JEL Classification: 121, 431

Suggested Citation

Khan, Mohsin S., Macroeconomic Policies and the Balance of Payments in Pakistan: 1972-1986 (September 1990). IMF Working Paper No. 90/78. Available at SSRN: https://ssrn.com/abstract=884991

Mohsin S. Khan (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States
202-623-4518 (Phone)
202-623-6440 (Fax)

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