Pakistan: Second Review Under the Extended Arrangement and Request for Waivers of Nonobservance of Performance Criteria

International Monetary Fund

No 2014/090, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper assesses Pakistan’s Second Review Under the Extended Arrangement and Request for Waivers of Non-Observance of Performance Criteria. Discussions focused on progress in addressing the main macroeconomic challenges facing the country and remedial actions to meet missed performance criteria. Pakistan’s economic growth is expected to remain modest with GDP growth forecast revised upward to 3.1 percent. The IMF report highlights that the preliminary data for the first quarter of FY13/14 showed 5 percent growth, mainly driven by services and manufacturing.

Keywords: ISCR; CR; government debt market; net short position; end-march program ceiling; government; core inflation; executive board's discussion; Pakistani authorities; government securities market; Public sector; Global (search for similar items in EconPapers)
Pages: 78
Date: 2014-03-28
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