Third Quarterly Report for FY12

Acronyms

BOP Balance of Payment BISP Benazir Income Support Program BMI Building Materials Index CCOP Cabinet Committee on Privatization CDNS Central Directorate of National Savings c.i.f. Cost, Insurance and Freight CKD Completely Knocked Down CNG Compressed natural gas CPI Consumer Price Index CSF Coalition Support Fund DAP Diammonium Phosphate EFS Export Financing Scheme EU European Union FBR Federal Board of Revenue FCA Foreign Currency Accounts FCY Foreign Currency FDI Foreign Direct Investment FED Federal Excise Duty FRDL Fiscal Responsibility and Debt Limitation f.o.b Free on Board FX Foreign Exchange FY Fiscal Year GIDC Gas Infrastructure Development Cess GDP Gross Domestic Product GST General sales tax HS-code Harmonized-system code IFFs International Financial Institutions IMF International Monetary Fund IPPs Independent Power Producers IRSA Indus River System Authority KSE Stock Exchange LSM Large Scale Manufacturing M2 Broad Money Supply

60 The State of ’s Economy

MoM Month on Month MRTBs Market Treasury Bills for Replenishment for Cash MTBs Market Treasury Bills NBP National Bank of Pkaistan NEER Nominal Effective Exchange Rate NDA Net Domestic Asset NFA Net Foreign Asset NFNE Non-Food Non-Energy NSS National Savings Scheme OMOs Open Market Operations PASSCO Pakistan Agricultural Storage and Services Corporation PBS Pakistan Bureau of Statistics PIA Pakistan International Airlines PKR Pak Rupee POL , Oil and Lubricants PPL Limited PSDP Public Sector Development Program PSEs Public Sector Enterprises PSM Pakistan Steel Mills PTA Pakistan Telecommunication Authority PTCL Pakistan Telecommunication Ltd Q Quarter QIM Quantum Index of Manufacturing QoQ Quarter on Quarter REAP Rice Exporters Association of Pakistan REER Real Effective Exchange Rate SBP State Bank of Pakistan SED Special Excise Duty T-bills Treasury Bills TCP Trading Corporation of Pakistan US United States of America UK United Kingdom WPI Wholesale Price Index YoY Year on Year

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