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Thursday, February 19, 2009

Pakistan will borrow more from the IMF in April


KARACHI: Pakistan will look to secure additional funding from the International Monetary Fund when they hold talks in April, not in the meeting currently being held in Dubai, the country's top economic adviser said on Thursday.

 

‘After review process, in April we will consider going back to the IMF to enhance the limit,’ Shaukat Tarin, the adviser to the prime minister on finance told Reuters.

 

‘We are getting five times our quota right now and we hope to do better than that.’ Pakistan and the IMF are meeting in Dubai from Feb. 14 to Feb. 26 for talks on the first review of the $7.6 billion emergency loan approved in November. 

 

Tarin said he will be in Dubai on Feb 25-26.

 

The announcement follows reports in the Pakistani media of a $4.5 billion loan request to be made at the Dubai meeting.

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