ISLAMABAD : Pakistan would formally request for the augmentation of loans in the International Monetary Fund (IMF) Board of Directors meeting scheduled to be held on August 7, 2009 in Washington.
The Board of Directors would also review the performance of Pakistan's economy from March end to June for the grant of third tranche of US $ 840 million under the Standby Arrangement Facility to the country,s a senior official of the Ministry of Finance told APP here.
He said that Pakistani would also formally request for the augmentation of the loan and hope that the fund on the basis of the performance of the country would augment the loan of US $ 4 billion for Pakistan.
Pakistan and IMF in November 2008 reached an 23-month Stand-By loan agreement of $7.6 billion to meet the country's balance of payments difficulties and help stabilize country's economy.
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