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ABSTRACT

An economy is a complex structure of consumers & producers which have beneficial role for each other.
Pakistan’s economy is mixed type of economy which has three major sectors i.e. agriculture, industry
and services. The contribution of these sectors is given as agriculture contributing 25.6%; industrial
share is 22.88% while services sector share is 53.09% of the GDP. The trade account remained in deficit
during most of the years in history and is still in same condition due to more dependence on imports.
The excessive dependence on imports has also disturbed our foreign exchange reserves. The continuous
devaluation of Pakistani rupee was also result of these economic problems. Public debt, to manage the
economy, is rising sharply as it reached more than 60% of GDP. It is evident from the above discussion
that Pakistan’s economy has a lot of problems, so an integrated economic, social and political
framework is needed to bring Pakistan out of this imbroglio.

IMF and World bank both play an important role in Pakistan’s economy, we’re going to emphasize more
on IMF role in Pakistan’s economy. Its original purpose was to maintain the stability of the world
monetary system. It was created to encourage worldwide economic growth. The IMF and the world
bank provide for infrastructure projects and loans to countries like Pakistan, however it still imposes
harmful conditions on countries in which in most cases results in weakening the economies, therefore
IMF and world bank should look up to interests of the countries rather than imposing harmful conditions
on them. Countries receive assistance, in accordance with the IMF Articles of Agreement.

This study examines “Economic issues of Pakistan with Reference to IMF and World Bank” over the
period of 1947 to 2019.