## Pakistan: Request for Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Pakistan

_IMF Staff Country Reports, December 2, 2008_

## Source details

**Canonical URL:** [Pakistan: Request for Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Pakistan](https://www.imf.org/en/publications/cr/issues/2016/12/31/pakistan-request-for-stand-by-arrangement-staff-report-press-release-on-the-executive-board-22517)

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## Bibliographic details
- Authors: Arrangement-Staff Report
- Published: December 2, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451830736.002

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### Program request and objectives
- Pakistan’s authorities have requested a 23-month Stand-By Arrangement for SDR 5.169 billion in support of their macroeconomic stabilization program.
- The authorities’ program envisages a tightening of fiscal and monetary policies to:
  - bring down inflation, and
  - reduce the external current account deficit to more sustainable levels.
- The pace of adjustment seeks to balance the need to address the current macroeconomic imbalances with protecting social stability.

### Policy measures and reforms envisaged
- Fiscal and monetary policy tightening.
- Important reforms in:
  - tax policy and administration, and
  - public financial management.

### Analytical focus and subjects covered
- Subject areas highlighted: Balance of payments, Credit, Current account deficits, Expenditure, External debt, Foreign exchange, Public debt.
- Keywords indicating focus: adjustment plan, CR, Current account deficits, financial asset, financial support, financing, fund, fund credit, Global, government, government cash, ISCR, liquidity position, Pakistan.

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/pakistan-request-for-stand-by-arrangement-staff-report-press-release-on-the-executive-board-22517_