Pakistan: Letter of Intent, Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding to IMF
November 20, 2008
1. In the last decade, Pakistan’s economy witnessed a major economic transformation.
Ø The country’s real GDP increased from $60 billion in 2000/01 to $170 billion in 2007/08 (fiscal year starts July 1st).
Ø Per capita income rising from under $500 to over $1,000.
Ø The volume of international trade increased from about $20 billion to nearly $60 billion.
Ø Real GDP grew at more than 7 percent a year with relative price stability.