Pakistan: Twelfth and Final Review Under the Extended Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Proposal for Post-Program Monitoring-Press Release; Staff Report; and Statement by the Executive Director for Pakistan

October 13, 2016

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Pakistan: Twelfth and Final Review Under the Extended Arrangement, Request for Waivers of Nonobservance of Performance Criteria, and Proposal for Post-Program Monitoring-Press Release; Staff Report; and Statement by the Executive Director for Pakistan, (USA: International Monetary Fund, 2016) accessed December 22, 2024

Summary

This paper discusses Pakistan’s Twelfth and Final Review Under the Extended Arrangement, Request for Waivers of Nonobservance of Performance Criteria (PCs), and Proposal for Post-Program Monitoring. The authorities met most PCs at end-June 2016, but the PCs on the budget deficit and Net Domestic Assets (NDA) of the State Bank of Pakistan were missed by small margins. They also met all program indicative targets. Structural benchmarks on financial sector reform, privatization, and energy sector reform were met. The IMF staff supports the authorities’ request for completion of the twelfth review under the arrangement and for waivers for nonobservance of the end-June PCs on the budget deficit and NDA.

Subject: Business environment, Economic sectors, Expenditure, External debt, Fiscal policy, Public debt

Keywords: Administration reform, Authority, Business climate reform strategy, Business environment, CR, Discussion of Pakistan, Europe, ISCR, Power sector reform, Reform, SBP law, South Asia

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/325
Stock No:

1PAKEA2016005
ISBN:

9781475544183
ISSN:

1934-7685

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