IMF to decide loan to Pakistan on Nov 10

The executive board of the International Monetary Fund (IMF) will take decision on the10th day of this month regarding loan and term and conditions to help Pakistan paying its foreign debts in the next two years. Pakistan, under stand-by facility, has requested for a loan of $9 billion for the next two years but it is likely to get a loan up to $7 billion, according to official source. Pakistan requires a foreign aid of $3.5 billion to $4.5 billion on account of the repayment of its debts in current year.

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