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Pakistan: Third Review Under the Stand-By Arrangement

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  • 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.

Suggested Citation

  • International Monetary Fund, 2010. "Pakistan: Third Review Under the Stand-By Arrangement," IMF Staff Country Reports 2010/006, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/006
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=23517
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    Cited by:

    1. Inayat Ullah Mangla, 2011. "Reconstructing the Performance of Pakistan’s Political Economy: Another Paradigm," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 16(Special E), pages 30-70, September.

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