Part-1----IMF Review
Inflation remains high with wide current account deficit- IMF
IMF warns to reduce vulnerabilities in light of recent political uncertainties-
Maintenance of high growth remains main challenge-
Lowering inflation and reducing deficits major challenges-
Sustainability requires tight fiscal and monetary policies-
Strengthen fiscal programmes to complement monetary tightening-
Reduce energy subsidies and capital spending-
IMF regrets central bank financing of budget-
IMF stresses need to adjust treasury bills interest rates-
Domestic borrowings need to be met through commercial banks or NBFIs-
IMF calls greater exchange rate flexibility-
Fiscal consolidation required beyond FY08 to have good macro indicators-
IMF emphasizes reforms to increase revenues-
IMF suggests taxes on agriculture, services sectors
IMF wants reduction in tax exemptions-
Contingent liabilities should be incorporated in budget-
Real effective exchange rate broadly in line with economic fundamentals-
IMF welcomes SBP's intention to shift oil imports to inter-bank foreign exchange market-
IMF underscores need modernize energy sector regulatory and tariff framework-
IMF oppose ad hoc tariff and nontariff barriers-
IMF wants parliamentary approval of anti money laundering bill
Net international reserves fell by $1 bln-
Financial Stability Review:
Financial sector assets amount to PKR 6.9 trillion-
KSE capitalization up 38 pct YoY to 46 pct of GDP-
Part-2-- Election 2008
Transparency on Manifestos of 5 Political Parties-
Transparency survey response:
PML (N), 10/11
MQM 9/11
PPP 7/11
PML (Q) 5/11
And
ANP 4/11.
N A D E E M M A L I K
CNBC PAKISTAN
BUREAU CHIEF
ISLAMABAD
0321-5117511
nadeem.malik@hotmail.com
16th Floor,
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