2004 in Pakistan


Pakistan experienced unprecedented economic growth during FY 2004. Its large-scale manufacturing sector grew at a rate of over 18%. Hard-currency reserves, having grown phenomenally in recent years, reached record levels. GDP growth reached 8.4% in the twelve months ending June 30, 2004. Pakistan's stock market has been one of the best-performing stock markets this century,. The government's credit rating was upgraded by Moody's and Standard & Poor's. Pakistan announced that it no longer needed International Monetary Fund assistance. The government's economic reforms were praised highly by supranational institutions such as the World Bank, IMF and the Asian Development Bank.

Incumbents

Federal government

Governors

Events

Politics

Economy

  • April 15 – Representatives of the provinces agreed to share resources on a multi-factor formula, provided the federal government enhanced their share.
  • April 21 – The World Bank expects that poverty will start reducing soon in Pakistan, as the country has surpassed most of the targets set by the bank under its country assistance strategy.
  • April 29Pakistan Telecommunication Company Limited earns a net profit of Rs 19.53 bn in the first three quarters of the financial year.

Sports

  • March 28 – The ninth SAF Games are launched in an Olympics-style opening ceremony.

Miscellaneous

Deaths