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Pakistan: Sixth Review Under the Extended Arrangement and Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Pakistan - IMF Country Report No. 15/96
The Pakistani macroeconomic picture is improving. Real GDP is projected to grow by some 4.3 percent in FY2014/15, driven mainly by the agriculture and construction sectors.1 The plunge in oil prices has reduced the import bill and improved the trade balance, but exports have also weakened due to lower cotton prices and the loss of competitiveness from real exchange rate appreciation. [...]