Pakistan May Enter Into Another IMF Loan Program
Maintaining the reformed general sales tax (RGST), other heavy taxes and spending measures by July 1, the performance benchmarks of the new IMF loan program, the sources said. She said that during the ongoing talks with an IMF mission, the priority of economic managers in Pakistan was to a certain benchmark targets for the end of March, the fifth revision to complete.
The IMF mission would again visit Pakistan in May this year the implementation of performance benchmarks, which are negotiated at this time to assess. A successful conclusion of the talks in May, the IMF approach to assist the board in early June for the release of $ 1.7 billion tranche of the remaining $ 3,600,000,000 $ 11,300,000,000 of the SBA, and the restoration of the issuance of a letter of comfort for fresh financing from the World Bank (WB) and Asian Development Bank (ADB).
If Pakistan was successful in completing the fifth review in May, economic managers, another IMF loan program to request the beginning of the next fiscal year 2011-12, without the demands of 1.7 billion U.S. dollars last tranche of the SBA 11.3 billion U.S. dollars, the sources said, adding that the last installment would be linked with the following program and regarded as repayment of the loan.