Tag Archives: LoI

Pakistan LoI to IMF

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.

Continue reading

Advertisements

3 Comments

Filed under Pakistan Economy