Islam proposes the replacement of an interest-based financial system with one which operates on the basis of risk and …

This Selected Issues paper analyzes Pakistan's tax reform and revenue performance. The paper assesses the nature and … magnitude of Pakistan's actual twin debt problem in a historical context, and reviews the policy options. The study highlights … regard to the linkages between performance and the structure of exports. The paper reviews a survey of poverty in Pakistan …

This Selected Issues paper on Pakistan reports that fiscal adjustment, supported by official and private inflows and …, vulnerabilities have been greatly reduced, and Pakistan’s prospects look favorable. A continuation of prudent fiscal policies, as …

This Selected Issues paper and Statistical Appendix on Pakistan looks at the worrisome trend of declining growth from a … growth-accounting point of view. The paper provides considerable evidence that Pakistan’s striking “social gap” in education … a continuation of prudent fiscal policies in Pakistan that would reduce public debt to more sustainable levels …

. The paper employs three approaches to forecast inflation in Pakistan. A leading indicator model outperforms a univariate …

the turnaround in Pakistan''s external current account during this period; (2) while Pakistan''s growth was mainly export … investment; and (3) the structural reforms implemented in Pakistan during the past four years should make the observed …