Integrated System of National Accounts for Pakistan: Concepts, Sources and Methods in Brief (Fiscal AND MONETARY Policies) (Report‪)‬

INTRODUCTION The function of the national accounts is to provide an interrelated and consistent set of economic statistics of the transactors in the economy. Those statistics relate to the circular flow in the economy of production, consumption and accumulation. They are used to assess the performance of the economy and should facilitate the application of economic theory. In Pakistan, a systematic design of the system of national accounts has been lacking. Basically, the system is limited to macro economic production statistics on value-added by sectors and expenditure series. Moreover, the present system lacks internal consistency checks. Discrepancies cannot be assessed due to the existence of residual sectors. As a result, the national accounts have not been exploited in their function for the evaluation of the performance of the economy.