European Parliament Library

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

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
Table Of Contents
Cover Page; Title Page; Copyright Page; Contents; Appendix; Tables; Figures; Box; Introduction; Macroeconomic Outlook and Risks; Policy Developments; A. Fiscal Policy; B. Monetary and Exchange Rate Policies; C. Financial Sector Policies; D. Structural Issues; 1. Arrears Reduction Plan in the Power Sector; Program Modalities and Other Issues; 1. Quantitative Performance Criteria and Indicative Targets for FY 2014/15-FY 2015/16; 2. Program Modalities and Structural Benchmarks; 3. Selected Economic Indicators, 2010/11-2015/16; 4. Medium-Term Macroeconomic Framework, 2010/11-2019/20
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (138 p.)
Specific Material Designation
Form Of Item

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