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PAKISTAN DEVELOPMENT UPDATE

PAKISTAN DEVELOPMENT UPDATE Reviving Exports October 2021 Preface The World Bank PAKISTAN DEVELOPMENT UPDATE (PDU) provides an UPDATE on the Pakistani economy, its economic outlook, together with the DEVELOPMENT challenges it faces and the structural reforms that should be considered. This edition of the PAKISTAN DEVELOPMENT UPDATE (PDU) was prepared by the Macroeconomics, Trade and Investment Global Practice under the guidance of Najy Benhassine (Country Director, SACPK), Zoubida Allaoua (Regional Director, ESADR) and Shabih Ali Mohib (Acting Practice Manager and Lead Country Economist, ESADR).

FY18 FY19 FY20 FY21 FY22 FY23 Real GDP growth, at constant factor prices 5.5 2.1 -0.5 3.5 3.4 4.0 Current Account Balance (% of GDP) -6.1 -4.8 -1.7 -0.6 -1.9 -2.5 Fiscal Balance (% of GDP), excluding grants -6.5 -9.0 -8.1 -7.3 -7.1 -7.2

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