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

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Pakistan : Third Review Under the Extended Arrangement and Request for Waiver of Nonobservance of Performance Criterion, and Request for Modification of Performance Criteria
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Volume/Issue:
2014/184
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund. Middle East and Central Asia Dept.
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
July 2014
DOI:
http://dx.doi.org/10.5089/9781498313292.002
ISBN:
9781498313292
ISSN:
1934-7685
Page:
84
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.
Article

IMF Executive Board Completes Third Review Under the Extended Fund Facility Arrangement for Pakistan and Approves US$555.9 Million Disbursement

Author(s):
International Monetary Fund. Middle East and Central Asia Dept.
Published Date:
July 2014
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