Pakistan: Third Review Under the Stand-By Arrangement
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Summary:
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.
Series:
Country Report No. 2010/006
Subject:
Banking Credit Expenditure External debt Foreign exchange Money Public debt
English
Publication Date:
January 7, 2010
ISBN/ISSN:
9781451830767/1934-7685
Stock No:
1PAKEA2010001
Pages:
82
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