04274oam 22010814 450 991015489850332120250426110046.09781475544190147554419797814755442441475544243(CKB)4340000000018113(MiAaPQ)EBC4745312(IMF)1PAKEA20160051PAKEA2016005(EXLCZ)99434000000001811320020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierPakistan : 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 PakistanWashington, D.C. :International Monetary Fund,2016.1 online resource (67 pages) illustrations, tablesIMF Staff Country Reports9781475544183 1475544189 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.IMF Staff Country Reports; Country Report ;No. 2016/325Economic developmentPakistanMonetary policyPakistanBudgetingimfCorporate FinanceimfExports and ImportsimfFinancial Risk ManagementimfPublic FinanceimfMacroeconomicsimfDebtimfDebt ManagementimfSovereign DebtimfNational Government Expenditures and Related Policies: GeneralimfFiscal PolicyimfInternational Lending and Debt ProblemsimfFinancial Institutions and Services: GeneralimfPublic finance & taxationimfInternational economicsimfBudgeting & financial managementimfPublic debtimfFiscal policyimfExternal debtimfBusiness environmentimfExpenditureimfEconomic sectorsimfDebts, PublicimfDebts, ExternalimfBusiness enterprisesimfExpenditures, PublicimfPakistanimfEconomic developmentMonetary policyBudgetingCorporate FinanceExports and ImportsFinancial Risk ManagementPublic FinanceMacroeconomicsDebtDebt ManagementSovereign DebtNational Government Expenditures and Related Policies: GeneralFiscal PolicyInternational Lending and Debt ProblemsFinancial Institutions and Services: GeneralPublic finance & taxationInternational economicsBudgeting & financial managementPublic debtFiscal policyExternal debtBusiness environmentExpenditureEconomic sectorsDebts, PublicDebts, ExternalBusiness enterprisesExpenditures, Public338.95491DcWaIMFBOOK9910154898503321Pakistan456311UNINA