Pakistan, IMF officials meet for release of new loan tranche

ISLAMABAD: A dialogue between the International Monetary Fund (IMF) and Pakistani officials for release of new loan tranche to the latter will be held in the first 10 days of this month, ARY News reported.

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Sources in the Ministry of Finance said meeting of the officials from both the sides would begin before the August 10, while the fourth Economic Survey Report of Pakistan, highlighting country’s economic progress till June 2014, will be sent to the IMF by the mid of August.

The report featuring fiscal deficit, revenue targets, GDP growth rate and other conditions for loan will be assessed by the IMF.

Once the dialogue between the two sides succeeds, the IMF will subsequently release the new tranche of loan to Pakistan.

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