Pakistan: Seventh Review Under the Extended Arrangement and Modification of Performance Criteria

July 2, 2015

Preview Citation

Format: Chicago

Pakistan: Seventh Review Under the Extended Arrangement and Modification of Performance Criteria, (USA: International Monetary Fund, 2015) accessed December 21, 2024

Summary

This paper discusses Pakistan’s Seventh Review Under the Extended Arrangement and Modification of Performance Criteria (PCs). All end-March 2015 quantitative PCs were achieved, as well as the indicative target (IT) on cash transfers under the Benazir Income Support program. The IT on federal tax revenue was missed by a small margin, reflecting legal challenges to some of the tax measures and the negative impact of lower global commodity prices. The authorities have taken action to improve revenue and remain on track to meet the end-June 2015 fiscal deficit target. The IMF staff supports the authorities’ request for modifications of the end-June net international reserves PC, and completion of the seventh review under the arrangement.

Subject: Expenditure, External debt, Government debt management, Public debt, Public financial management (PFM), Revenue administration

Keywords: Authorities' action, Authority, Budget deficit target, Central Asia, CR, Electricity tariff, Global, Government debt management, GST regime, Implemented policy, ISCR, Pakistani authorities, Plan, Power sector payables reduction plan, South Asia

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/162
Stock No:

1PAKEA2015002
ISBN:

9781513590073
ISSN:

1934-7685

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