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Pakistan: Financial Position in the Fund
as of December 31, 1996

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
       Quota758.20100.00
       Fund holdings of currency (Exchange Rate)1,294.22170.70
       Reserve Tranche Position0.060.01

III. SDR Department:SDR Million%Allocation
       Net cumulative allocation169.99100.00
       Holdings9.185.40

 IV. Outstanding Purchases and Loans:SDR Million%Quota
      Stand-by Arrangements318.1141.96
      SAF Loans262.2234.59
      First Credit Tranche94.7812.50
      Extended Arrangements123.2016.25
      ECF Arrangements172.2022.71

  V. Latest Financial Arrangements:

Date ofExpirationAmount ApprovedAmount Drawn
TypeArrangementDate(SDR Million)(SDR Million)
      Stand-By  Dec 13, 1995  Sep 30, 1997562.59    241.11
      ECF 1/  Feb 22, 1994  Dec 13, 1995606.60    172.20
      EFF  Feb 22, 1994  Dec 13, 1995379.10    123.20
 1/ Formerly PRGF.

VI. Projected Payments to Fund  2/
   (SDR Million; based on existing use of resources and present holdings of SDRs):
                                       Forthcoming                                      
         1997  1998  1999  2000  2001 
  Principal
215.30116.20183.30197.40110.30
  Charges/Interest
30.4025.3022.4016.9011.30
   Total
245.70141.50205.70214.30121.60
2/ The projection of charges and interest assumes that overdue principal at the report date (if any) will remain outstanding, but forthcoming obligations will be settled on time.


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

Prepared by Finance Department

Disclaimer
The information provided is for your convenience and is not intended to replace other official IMF reports and statements.