Pakistan: Request for an Extension of the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion

December 29, 2010

Summary

The Pakistani authorities placed a request for a nine-month extension of the Stand-By Arrangement (SBA), to get sufficient time to complete the remaining fifth and sixth reviews under the SBA. The authorities believe that extending the arrangement will provide time to complete the reform of the general sales tax, implement measures to correct the course of fiscal policy, and amend the legislative framework for the financial sector. The IMF approved the extension, and emphasized to implement the IMF-supported program in accordance with the relevant IMF policies.

Subject: Economic sectors, Financial Sector, Fiscal policy, Government debt management, Public financial management (PFM), Taxes, Value-added tax

Keywords: CR, energy sector reform, Financial sector, Government debt management, GST reform, ISCR, lapse-of-time basis, Pakistan's Stand-By Arrangement, SBA in an amount equivalent, SDR, Stand-by Arrangement, Value-added tax

Pages:
6
Volume:
2010
DOI:
https://doi.org/10.5089/9781455213580.002
Issue:
384
Series:
Country Report No. 2010/384
Stock No:
1PAKEA2010006
ISBN:
9781455213580
ISSN:
1934-7685

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