Pakistan is likely to get a new loan tranche from the IMF by April 29

Islamabad: The Executive Board of the International Monetary Fund (IMF) on April 29 approved the second economic review of Pakistan and the next tranche of $1.1 billion.

Sources in the Ministry of Finance say that the IMF Executive Board will also approve an installment of one billion ten million dollars for Pakistan along with the economic review.

After the approval of the IMF Board, Pakistan will receive the last installment of the loan under the Standby Arrangement Program and after receiving the installment, the Standby Arrangement Program with the IMF will be completed.

Sources of the Ministry of Finance say that after this episode, talks are likely to start in May for the next program worth six to eight billion dollars.