S.M.Adil Raza Tauqeer Iqbal

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INTRODUCTION

AUDIT ASSISTANT IN
S.M.ADIL RAZA SUNFLOWER INDUSTRY

TAUQEER IQBAL HR-OFFICER IN NBP

INSURANCE
NIAZ AHMED UNDERWRITER IN EFU
INSURANCE

UMER SAYEED STUDENT


PRESENTATION
 IMF (international Monetary Fund )

 IMF AND GOLD STANDARD

 IMF AND WORLD BANK

 PAKISTAN STATISTICS AND IMF


S.M.ADIL RAZA
.
I.M
F
ABOUT IMF
ESTABLISHED: CREATED IN 1944, AT
BRETTON WOODS, NEW HAMPSHIRE
 HEADQUARTER: WASHINGTON, D.C
 MEMBERS: 29 Members in beginning and
184 members today
 STAFF: 2680 persons
 DECISION MAKERS: 2/3 economists in 139
countries
 RESOURCES: SUSCRIPTIONS (QUOTAS)
 TOTAL QUOTAS: $312 billion
 OUTSTANDING LOANS: $17 billion To 82
countries
 SHAREHOLDERS: 5 largest shareholders
i.e USA, Japan, Germany, France, U.K
 CONSTITUENCIES: 16 other Executive
Directors are elected for two year terms
by groups of countries
PURPOSE AND
OBJECTIVES
• To promote co-operation among economies
of world.
• To strengthen the economies of member
countries by making fund's resources
available to them.
• To promote exchange stability and to
facilitate the expansion and balanced growth
of International trade.
• To lesson the chances of disequilibrium in
the international BOP of member countries.
• To reduce the poverty in member countries
and to promote high employment by
facilitating sustainable economic growth.
FUNCTIONS OF THE
FUND
 SHORT-TERM CREDIT INSTITUTION
 IMPROVING BOP POSITION
 INTERNATIONAL CONSULTATIONS
 PULLING DOWN TRADE BARRIERS
 RESERVOIR OF CURRENCIES
SDR
 STAND FOR: SPECIAL DRAWING RIGHTS
 WHAT IS ACTUALLY SDR???
 FEATURES OF THE SDR
 BUYING AND SELLING SDRS
 THE SDR INTEREST RATE
 GENERAL ALLOCATIONS OF SDRS
 SPECIAL ALLOCATIONS OF SDRS
INTERNATIONAL
LIQUIDITY

 RESOURCES OF THE RESERVES


 COMPONENTS OF THE INTERNATIONAL
LIQUIDITY

 GOLD RESERVES

 HOLDINGS
 I.M.F RESERVES POSITION
FINANCIAL
OPERATIONS
 COUNCIL
 SUPPLEMENTARY FINANCING FACILITY
“SFF”
 COMPENSATORY FINANCING FACILITY
“CFF”
 TRUST FUND
 SUBSIDY ACCOUNT
 COMMON FUND
UMER SYEED
O LD
& G D
M . F D AR
I. A N
ST
MEMBERS' QUOTAS
AND VOTING POWER
TOP 12 BORROWINGS
COUNTRIES
I.M.F AND GOLD
STANDARD

 BACKGROUND
 BIMETALLIC STANDARD
 CROSS OF GOLD" SPEECH
 GOLD OWNERSHIP IS LIMITED
 IMF ESTABLISHED
EIGHT DISTINGUISHING
CHARACTERISTICS:
 QUANTITY OF GOLD
 INTER-CONVERTIBILITY
 TOKEN MONEY
 MONETARY AUTHORITIES
 INTERNATIONAL RESERVES
 INDIVIDUALS
 IMPORT AND EXPORT GOLD
 CREATION OF PAPER MONEY
TAUQEER IQBAL

L D
O R
& W
. F NK
I.M BA
WORLD BANK

• HISTROY
• LEADERSHIP
• MEMBERS
• VOTING POWER
• POVERTY REDUCTION STRATEGIES
• CLEAN TECHNOLOGY FUND MANAGEMENT
• UNITED NATIONS DEVELOPMENT
BUSINESS
HOW IT WORKS &
PURPOSE
 OBTAINING FUNDS
 LOANING MONEY TO DEVELOPING
COUNTRIES
 MILLENNIUM DEVELOPMENT GOALS
 REDUCING POVERTY
 MONITORING PROGRESS ON THE MDGS
 ASSESSING FINANCIAL STABILITY
I.M.F & WORLD
BANK

 PURPOSE
 SIZE AND STRUCTURE
 SOURCE OF FUNDING
 RECEIPTS OF FUNDING
 OPERATIONS
 COOPERATION B/W I.M.F AND WB
 IMF AND WB AT A GLANCE
NIAZ AHMED

ICS
T I ST
S TA
T AN F
I S IM
PAK AND
PAKISTAN STATISTICS

• OFFICIAL NAME: Islamic Republic Of Pakistan, 1947 14 august


• FATHER OF THE NATION: Quaid-e-Azam
• GEOGRAPHICAL LOCATION: 23o30’ latitudes & 36o45’ north and
b/w longitudes of 61o and 75o31’ EAST
• CAPITAL: Islamabad
• AREA: 796,096 sq.Km
• POPULATION: 167 million
• ETHNIC COMPOSITION: 97% Muslims ,3% others
• PER CAPTIA INCOME: US$ 1085
• CURRENCY: Pak Rupee
• LITERACY RATE: 55%
• NATIONAL ANTHEM: approved in June 1954, Hafeez Jullandri
• NATIONAL SLOGAN: Pakistan Zinda Baad
• NATIONAL GAME: Hockey
• NATIONAL POET: Allama Iqbal
• NATIONAL ANIMAL: Markhor
• NATIONAL FLOWER: Jasmine
• ENERGY: 19,478 MW with 2214 CNG station
• HEALTH: 906 hospitals, 108062 doctors, 5530
dentist, 46331 nurses
• EDUCATION: 156,100(PS), 28,716(MS), 16,059(HS)
798 (A&S), 161(Professional), 92 universities
• GDP: $167 billion (nominal)
• GDP GROWTH: 2%, industry(26.8%), agri.(19.6%),
service(53.7%)
• INFLATION: 11.17%
• POVERTY: 23%
• UNEMPLOYMENT: 11.2%
• LABOUR FORCE: 55.88 MILLION
I.M.F & PAKISTAN
ECONOMY
 INTRODUCTION
 BACKGROUND
 FACTORS RESPONSIBLE FOR SEEKING IMF SUPPORT
AGAIN
 STAND-BY ARRANGEMENT (SBA) 2008-10
 OBJECTIVE AND ECONOMIC PROGRAM (2009-2010)
 CONDITIONALITY OF SBA
 EVALUATION OF SBA 2008-10
 FISCAL POLICY
 MONETARY POLICY
 SOCIAL SAFETY NET
 PROJECTED ECONOMIC SCENARIO UNDER SBA
INDICATORS OF
MACROECONOMIC FRAMEWORK
2009-2013
2009 2013
GDP (% growth) 3.4 7.0
CONSUMER PRICE (ANNUAL AVERAGE) 23.0 5.0

GROSS NATIONAL SAVINGS (% GDP) 13.5 21.1


GROSS CAPITAL FORMATION (% GDP) 20 24.8
CURRENT ACCOUNT DEFICIT (% GDP) 6.5 3.6
GROSS OFFICIAL RESERVES (IN MONTHS OF IMPORTS) 2.1 2.6
EXTERNAL DEBT (% GDP) 13.4 28.7
REVENUES AND GRANTS (% GDP) 15.1 18.3

TAX REVENUES (% GDP) 11.0 14.4

EXPENDITURE (% GDP) 19.1 20.3


CURRENT EXPENDITURE (% GDP) 16.0 14.0
DEVELOPMENT EXPENDITURE (% GDP) 3.0 6.2
FISCAL DEFICIT (% GDP) 4.2 2.2
TOTAL GOVT. DEBT (% GDP) 54.6 46.2
CONCLUSION

 CURRENT ACCOUNT DEFICIT MAY BE KEPT BELOW


2-2.5% OF GDP

 FOREIGN EXCHANGE RESERVES MAY BE


MAINTAINED AT LEAST EQUAL TO 4-6 MONTHS OF
ANNUAL IMPORTS

 STOCK OF PUBLIC DEBT SHOULD BE KEPT BELOW


40% OF GDP (WITH EXTERNAL DEBT BELOW 20%
0F GDP)

 FISCAL DEFICIT SHOULD BE MAINTAINED AROUND


3.0-3.5% OF GDP

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