Managing Growth with Stabilization II

Publication Year : 2020

The growth pattern of Pakistan is not stable rather fluctuating from the last few decades. For the first time in history of Pakistan, a negative growth rate accounts for – 1.5 i s projected by the IMF, after the year 1952 when growth rate declined to 1.8% due to exogenous shock to agriculture. Moreover, the projections of the IMF for the year 2021 and further are optimistic. In the past, as compared to China and other developing Asia, Pakistan could have done a great job. For instance, the GDP per capita of Pakistan was twice as high as China in 1990, however, in 2018, the growth rate of both countries became closer as China moved faster.