01882cas a2200241 a 4500 AALejournalIMF010823 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451861587 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Pakistan's Macroeconomic Adjustment and Resumption of Growth, 1999-2004. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (33 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The main findings are as follows: (1) an increase in private national saving during 2001-03 was the key contributor to the turnaround in Pakistan's external current account during this period; (2) while Pakistan's growth was mainly export-led before 2003-04, it was largely led by domestic demand in 2004, especially consumer demand but also private and public investment; and (3) the structural reforms implemented in Pakistan during the past four years should make the observed strengthening in domestic savings and rise in domestic investment permanent, auguring well for accelerated growth within a sustainable external balance. The country's growth prospects would be further enhanced by a more externally driven growth process, and by an acceleration of structural reforms to further improve productivity and the investment climate. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2005/139 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/139/001.2005.issue-139-en.xml IMF e-Library