The Role of Infrastructure in Pakistan's Economic Development: 1972- 1991
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For most of the 1980s, the Pakistan economy performed well, with Gross Domestic Product (GDP) increasing by over 6 per cent per annum. However, the latter part of the decade was characterized by increasing fiscal and external deficits, infrastructure deficiencies and disruptions in production. In 1989 the Government initiated a three-year structural adjustment program with the assistance of the International Monetary Fund (IMF). The program sought to redress the growing macroimbalances. resulting from large fiscal deficits, and to increase productivity through major structural reforms in the real as well as the financial sectors.
Pakistan Economic and Social Review, Summer, 1992.Refereed Journal Article