Pakistan: Third Review Under the Stand-By Arrangement

International Monetary Fund

No 2010/006, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the Third Review Under the Stand-By Arrangement for Pakistan. Program implementation has been uneven but key reforms are moving forward. All end-September 2009 quantitative performance criteria were met, with the exception of the ceiling on the overall budget deficit. The tax revenue foregone in September was largely recovered in October, and the wage bill overrun was self-correcting. On these grounds, the authorities request a waiver of nonobservance for the related end-September 2009 performance criterion. IMF staff recommends the completion of the program review.

Keywords: ISCR; CR; government; government employee; reform project; tax; amendments to the State Bank of Pakistan; staff appraisal; government policy; timely disbursement; Credit; Global (search for similar items in EconPapers)
Pages: 82
Date: 2010-01-07
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