Pakistan: Third Review Under the Extended Arrangement and Request for Waiver of Nonobservance of Performance Criterion, and Request for Modification of Performance Criteria-Staff Report; Press Release; and Statement by the Executive Director for Pakistan

 
 
Publication Date: July 07, 2014
 
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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(s): Extended arrangement reviews | Extended Fund Facility | Performance criteria waivers | Performance criteria modifications | Economic conditions | Fiscal policy | Monetary policy | Exchange rate policy | Economic indicators | Tax policy | Bank capital | Bank regulations | Economic reforms | Budget estimates | Press releases | Pakistan

 
English
Publication Date: July 07, 2014
ISBN/ISSN: 9781498313292/1934-7685 Format: Paper
Stock No: 1PAKEA2014003 Pages: 84
Price:
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