CNews KARACHI: The International Monetary Fund (IMF) will extend 7.6 billion dollars to Pakistan under a 23-month loan programme, said Adviser on Finance Shaukat Tareen on Saturday. Addressing a press conference here at State Bank of Pakistan, the Adviser said the IMF will provide this loan under stand by credit limit at interest rate ranging between 3.51 and 4.51 per cent and its repayment will be made in five years beginning from 2011. Governor SBP, Dr. Shamshad Akhtar was also present on the occasion. Shaukat Tareen said IMF has not attached any new condition to the loan facility. The IMF will release 4 billion dollars as the first tranche of the loan this year while the rest will be provided in the coming year. However, he said the IMF will make its final decision regarding the loan programme after its board meeting. The Finance Adviser expressed his inability to announce the exact date of receiving the loan but said it will happen during the current month. He said the prime object...
Awaz Apni Baat Apni is started in new Vision of Pakistan, We want to see a real image of Pakistan in public Point of View, Our Pakistan with New Vision.
