IMF hails Pakistan’s hosting of national economic data on one portal

The step will facilitate stakeholders and investors

A view of highways netowrk in Karachi Image: Newsphoto90/suleman sajjad (Nagan Ch, Karachi)/ Wikimedia Commons

By hosting data on the economy and national accounts at one portal, Pakistan has taken a step toward transparency and implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS).

The International Monetary Fund has welcomed Islamabad’s making available critical data through the National Summary Data Page (NSDP).

The NSDP is a national “data portal” that serves as a one-stop publication vehicle for essential macroeconomic data on the national accounts, government operations and debt, monetary and financial sector, and balance of payments, among others.

The publication of “essential macroeconomic data through the NSDP will provide national policy makers and domestic and international stakeholders, including investors and rating agencies, with easy access to information critical for monitoring economic conditions and policies,” the Fund said in a statement.

Making this information easily accessible in both human and machine-readable formats will allow users to have simultaneous access to timely data and bring greater data transparency, it added.

The NSDP is hosted by Pakistan’s Bureau of Statistics, utilizing the Statistical Data and Metadata Exchange. A link to Pakistan’s NSDP is available on the IMF’s Dissemination Standards Bulletin Board. The NSDP contains links to statistics published by the Ministry of Finance, Pakistan Bureau of Statistics, and the State Bank of Pakistan.

A view of Lahore with cricket floodlit cricket stadium in the background. Photo: Roshan Pakistan via PCB

A view of Lahore with cricket floodlit cricket stadium in the background. Photo: Roshan Pakistan via PCB

Louis Marc Ducharme, Chief Statistician and Data Officer, and Director of the IMF’s Statistics Department, welcomed this major milestone in the country’s statistical development. “I am confident that Pakistan will benefit from using the e-GDDS as a framework for further development of its statistical system.”

The e-GDDS was established by the IMF in 2015 to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and surveillance.

 

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Pakistan Economy

Ali Imran is a writer, poet, and former Managing Editor Views and News magazine
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