FOREIGN DEBT

S.M. ABBAS ZAIDI, S.KAMAL HAYDER KAZMI,
Research Analyst
, PAGE
Feb
1 - 7, 2010

IMF: FINANCIAL POSITION OF PAKISTAN IN THE FUND
(as of Dec 31, 2009)

I. MEMBERSHIP STATUS: JOINED: JULY 11, 1950;
II. GENERAL RESOURCES ACCOUNT: SDR MILLION %QUOTA
Quota 1,033.70 100
Fund holdings of currency 5,202.92 503.33
Reserve Tranche Position 0.12 0.01
Lending to the Fund
Notes Issuance
Holdings Exchange Rate
III. SDR DEPARTMENT: SDR MILLION %ALLOCATION
Net cumulative allocation 988.56 100
Holdings 880.6 89.08
IV. OUTSTANDING PURCHASES AND LOANS: SDR MILLION %QUOTA
Stand-by Arrangements 4,169.34 403.34
PRGF Arrangements 611.6 59.17

V. LATEST FINANCIAL ARRANGEMENTS:

TYPE DATE OF ARRANGEMENT EXPIRATION DATE AMOUNT APPROVED (SDR MN) AMOUNT DRAWN
(SDR MN)
Stand-By Nov 24, 2008 Dec 30, 2010 7,235.90 4,169.34
PRGF Dec 06, 2001 Dec 05, 2004 1,033.70 861.42
Stand-By Nov 29, 2000 Sep 30, 2001 465.00 465
VI. PROJECTED PAYMENTS TO FUND
(SDR Million; based on existing use of resources and present holdings of SDRs):

FORTHCOMING

2010 2011 2012 2013 2014
Principal 172.28 172.28 1,418.11 2,170.81 847.45
Charges/Interest 72.22 75.16 62.94 28.28 6.7
Total 244.5 247.45 1,481.05 2,199.08 854.15
When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.
VII. IMPLEMENTATION OF HIPC INITIATIVE: Not Applicable
VIII. IMPLEMENTATION OF MULTILATERAL DEBT RELIEF INITIATIVE (MDRI):  Not Applicable

CORE INFLATION OF CPI

MONTHS TRIMMED CORE
INFLATION (%)
NON-FOOD & NON-ENERGY
CORE INFLATION (%)
2008-09 2009-10 2008-09 2009-10
Jun 17.2 15.5 13.0 15.9
Jul 19.7 13.9 14.7 14.0
Aug 21.0 13.1 16.4 12.6
Sep 21.2 12.3 17.3 11.9
Oct 21.7 10.6 18.3 11.0
Nov 21.3 10.5 18.9 10.6
Dec 21.6 10.4 18.8 10.7

COMPARATIVE REAL GDP GROWTH RATES (%)

COUNTRIES 2005-06 2006-07 2007-08 2008-09
Pakistan 5.8 6.8 4.1 2.4
India 9.8 9.3 7.3 4.5
China 10.4 10.7 10.4 10.7
Bangladesh 6.5 6.3 5.6 5.0
Indonesia 5.5 6.3 6.1 2.5
Malaysia 5.8 6.3 4.6 -3.5

PAKISTANíS ECONOMIC INDICATORS

INDICATORS FY09 FY10
ANNUAL PLAN TARGETS PROJECTIONS
GDP (%) 2.0 3.3 2.5-3.5
Average CPI Inflation (%) 20.8 9.0 10.0 - 12.0
PERCENT OF GDP
Fiscal deficit 5.2 4.9 4.7-5.2
Current account deficit 5.3 5.3 4.7-5.2

BALANCE OF TRADE IN 2009 (Mn US $)

PERIOD EXPORTS IMPORTS BOT
Jun P 1,807 2,793 -986
Jul P 1,554 2,811 -1,257
Aug P 1,467 2,171 -704
Sep P 1,599 2,447 -848
Oct P 1,640 2,749 -1,109
Nov P 1,417 2,198 -781
Dec P 1,629 2,644 -1,015
P: Provisional ,BOT: Balance of Trade

EXCHANGE RATES
(26.1.2010)

CURRENCY BUYING SELLING
Australian Dollar 76.75 77.75
Bahrain Dinar 224.87 228
China Yuan 12.05 13.55
Danish Krone 16.25 16.45
Indian Rupee 1.6 1.7
NewZealand $ 60.61 61.25
Norwegians Krone 14.2 14.55
Omani Riyal 220.3 223
Qatari Riyal 23 23.2
Swedish Korona 11.4 11.8
Swiss Franc 80 81
Thai Bhat 2.4 2.6

FDI IN PAKISTAN ($ mn)

YEARS FDI
2001-02 484.7
2002-03 798
2003-04 979.9
2004-05 1524
2005-06 3521
2006-07 5139.6
2007-08 5152.8
2008-09 3,721.8

INTEREST RATES (%)

MONTHS/ YEARS RATE
18-Nov-02 7.5
11-Apr-05 9
29-Jul-06 9.5
1-Aug-07 10
31-Jan-08 10.5
23-May-08 12
30-Jul-08 13
13-Nov-08 15
15-Aug-09 13
25-Nov-09 12.5

US $ RATES  PER PAK RUPEE

YEARS LEADERS US $
1972 Z.A. Bhutto Rs 4.7
1977 Z.A. Bhutto Rs 9.9
1983 Gen Ziaulhaq Rs 13.1
1987 Gen Ziaulhaq Rs 17.7
1990 Benazir Bhutto Rs 24
1991 Nawaz Sharif Rs 25
1994 Benazir Bhutto Rs 30.6
1996 Benazir Bhutto Rs 40.3
1997-99 Nawaz Sharif Rs 53
1999-08 Pervaiz Musharraf Rs 62
2009 Yousaf Raza Gilani Rs 84.75

KARACHI STOCK EXCHANGE DURING 2009

DATE 30 SHARE INDEX 100 SHARE INDEX MARKET CAP (BN)
Jan 5,341.22 5,793.57 1,842.65
Feb 5,634.78 5,597.44 1,764.67
Mar 6,001.36, 5,748.10 1,782.36
Apr 8,064.16 7,432.88 2,235.95
Apr 8.238.26 7,617.96 2,290.92
May 7,602.13 7,129.51 2,123.66
Jun 7,314.11 6,894.62 2,045.70
Jul 7,993.29 7,471.28 2,205.35
Aug 8,343.20 7,872.23 2,323.56
Sep 9,651.15 9,002.68 2,622.53
Oct 10.170.68 9,455.15 2,744.37
Nov 9,396.44 8,936.48 2,588.96
Dec 9,464.13 9,009.13 2,609.08
Dec 9,652.90 9,183.73 2,646.90