Pakistan : Third Review Under the Extended Arrangement and Request for Waiver of Nonobservance of Performance Criterion, and Request for Modification of Performance Criteria

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

July 7, 2014

Electronic Access:

Free Full Text (PDF file size is 1676 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Paper discusses Pakistan’s Third Review Under the Extended Arrangement and Request for Waiver of Nonobservance of Performance Criterion (PC).The economy is showing signs of improvement. The FY2013/14 growth projection has been revised upward from 3.1 percent to 3.3 percent, as economic indicators continue to show better-than-expected performance. For FY2014/15, the economy is forecast to expand by about 4 percent. All quantitative PCs were met with the exception of the ceiling on Net Domestic Assets of the State Bank of Pakistan, which was missed by a small margin. On the basis of Pakistan’s performance under the extended arrangement, the IMF staff supports the authorities’ request for completion of the third review under the arrangement.

Series:

Country Report No. 14/184

Subject:

English

Publication Date:

July 7, 2014

ISBN/ISSN:

9781498313292/1934-7685

Stock No:

1PAKEA2014003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

84

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