IMF

S.KAMAL HAYDER KAZMI,
(feedback@pgeconomist.com)
Research Analyst
, PAGE
Feb 20 - 26, 2012

IMF: FINANCIAL POSITION OF PAKISTAN IN THE FUND
(as of JAN 31, 2012 )

Summary of IMF members’ quota, reserve position, SDR holdings, outstanding credit, recent lending arrangements, projected payments due to the IMF, and monthly historical transactions with the Fund.
I. Membership Status: Joined: July 11, 1950; Article VIII
II. General Resources Account: SDR Million %Quota
Quota 1,033.70 100
Fund holdings of currency (Exchange Rate) 6,266.60 606.23
Reserve Tranche Position 0.12 0.01
III. SDR Department: SDR Million % Allocation
Net cumulative allocation 988.56 100
Holdings 686.22 69.42
IV. Outstanding Purchases and Loans: SDR Million % Quota
Stand-by Arrangements 4,936.04 477.51
Emergency Assistance 1/ 296.98 28.73
ECF Arrangements 241.19 23.33
1/ Emergency Assistance may include ENDA, EPCA, and RFI.
V. Latest Financial Arrangements:
TYPE DATE OF
ARRANGEMENT
EXPIRATION
DATE
AMOUNT APPROVED
(SDR MILLION)
AMOUNT DRAWN
(SDR MILLION)
Stand-By Nov 24, 2008 Sep 30, 2011 7,235.90 4,936.04
ECF 1/ 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 2/ (SDR Million; based on existing use of resources and present holdings of SDRs):
.

FORTHCOMING

. 2012 2013 2014 2015 2016
Principal 1,392.27 2,399.61 1,379.29 303.04 -
Charges/Interest 87.73 43.35 13.93 2.42 0.44
Total 1,480.00 2,442.96 1,393.22 305.46 0.44
2/ 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
IX. Implementation of Post-Catastrophe Debt Relief (PCDR): Not Applicable

OIL MONTHLY BASKET PRICES

MONTHS PER BARRELS US $
July-2011 111.62
Aug-2011 106.32
Sep-2011 107.61
Oct-2011 106.29
Nov-2011 110.08
Dec-2011 107.04
Jan-2012 111.76
31-Jan-2012 111.21

PETROLEUM PRICES IN PAK

PRODUCT Rs/litre. (Jan 2012)
HOBC 118.2
Premium 94.91
High Speed Diesel 103.46
Light Speed Diesel 92.31
Kerosene Oil 92.02

GAS SALE PRICE (standalone meters)

. Rs./MMBTU
upto 100 M3/month 122.95
Over 100 – upto 300 M3/ month 245.89
Over 300 – upto 500 M3/ month 1,035.34
All over 500 M3/month 1,302.46

PAKISTAN TRANSACTIONS WITH THE FUND SINCE 2005 TO
JANUARY 31, 2012 (in SDRs)

YEAR GENERAL RESOURCES ACCOUNT POVERTY REDUCTION AND GROWTH TRUST 1/2/ TOTAL
PURCHASES CHARGES
PAID
LOANS IP PURCHASES AND LOANS CHARGES AND
INTEREST PAID
DIS PER. DIS REPAY DIS REPAY
2012 0 0 0 0 25,842,000 0 0 25,842,000 0
2011 0 0 111,675,655 0 172,284,000 0 0 172,284,000 111,675,655
2010 1,063,682,010 0 82,726,174 0 172,284,000 67,025 1,063,682,010 172,284,000 82,793,199
2009 2,101,935,000 4,740,000 38,778,797 0 141,619,000 3,455,930 2,101,935,000 146,359,000 42,234,727
2008 2,067,400,000 11,059,163 513,407 0 105,099,000 4,091,192 2,067,400,000 116,158,163 4,604,599
2007 0 18,956,664 1,574,553 0 78,920,000 4,516,324 0 97,876,664 6,090,877
2006 0 18,956,668 2,318,065 0 53,074,000 4,813,785 0 72,030,668 7,131,850
2005 0 110,831,668 4,164,520 0 53,074,000 5,063,772 0 163,905,668 9,228,292
DIS: DISBURSEMENTS, IP: INTEREST PAID, REPAY: REPAYMENTS

CONSUMPTION OF PETROLEUM PRODUCTS IN PAKISTAN
(000 tones) (Percentage Change)

YEAR H.H CHG IND CHG AGRI CHG TRAN CHG POWER CHG OG CHG TOTAL
2009-10 90 -7.5 985 1.6 58 -16.9 8,861 0.3 8,814 16.4 323 -12.0 19,131
2010-11 67 -1. 5 919 22.5 36 -18.2 6,599 0.3 5,913 1 -5.7 267 19.7 13,80
Note: 2010-11 July to March
HH: HOUSE HOLDS, CHG: CHANGE, IND: INDUSTRY, AGRI: AGRICULTURE, TRAN: TRANSPORT, OG: OTHER GOVT

US $ RATES  PER PAK RUPEE

YEARS LEADARS US $
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
2008 to date Yousaf Raza Gilani Rs 90.95

GDP GROWTH RATE IN PAK

FY (%)
2006-07 6.8
2007-08 3.7
2008-09 1.7
2009-10 3.8
2010-11 2.4

INTEREST RATES IN PAKISTAN

DATE RATES (%)
2-Aug-10 13.00
30-Sep-10 13.5
30-Nov-10 14.00
1-Aug-11 13.5
9-Oct-11 to date 12.00

SECTOR WISE FDI INFLOWS IN PAKISTAN DURRUNG 2011-12
(Jul-Dec) ($ MILLION)

O & G FB TEX TRD CON POW CHE TRAN COM OTHERS TIP
332.1 44.2 18.6 13.1 37.8 -30.5 36.9 10.9 -106.4 174.5 531.2
O & G: OIL AND GAS, FB: FINANCIAL BUSINESS, TEX: TEXTILES, TRD: TRADE, CON: CONSTRUCTION, POW: POWER, CHE: CHEMICAL, TRAN: TRANSPORT, COM: COMMUNICATION, TIP: TOTAL INCLUDING PVT. PROCEEDS