ISLAMABAD - The International Monetary Fund (IMF) will decide the issuance Letter of Comfort to Pakistan after Article IV consultations to be held in November, as LoC is crucial for Islamabad to initiate talks for financial assistance with global institutions like World Bank and Asian Development Bank, it has been learnt on Saturday. Pakistan and International Monetary Fund will hold Article IV consultations in November that will assess the countrys economic situation and future financial problems. The results of Article IV consultations will decide the fate of issuing IMFs LoC to Islamabad, said Secretary Finance Dr Waqar Masood Khan while talking to TheNation on Saturday. The global institutions like World Bank (WB) and Asian Development Bank (ADB) have made it clear for Pakistan that they would provide $ 500 million each to Pakistan only if it gets LoC from the International Monetary Fund. However Dr Khan said that it was not do or die situation for them, as they had already set its alternative. It might be mentioned here that IMF experts team would visit Pakistan in November to hold Article IV consultations with Islamabad in order to assess the countrys economic health and future financial problems. According to the Article IV consultations, the IMF consults annually with every member government regarding their economic situation. Therefore, the IMF team would visit Islamabad to hold Article IV consultations with Pakistan likely to start from November 12. Pakistan has already said goodbye to the IMF, as Finance Minister Dr Abdul Hafeez Shaikh has once said that they have decided to end the programme on their own because the countrys financial situation was better. Similarly, officials of the Finance Ministry believed that government is in position to start repayment of the loan to IMF, as Islamabad has to pay $1.4 billion to the IMF in calendar year 2012 as repayment of the 7.2 billion dollars Stand By Arrangement (SBA) begins. High officials of the Finance Ministry and Federal Board of Revenue are of the view that Pakistan will approach only in emergency situation. It might be recalled here that Pakistan failed in completing the loan programme worth of $11.3 billion, as it failed to introduce value-added tax (VAT), reduce subsidies in the power sector and reduce government s borrowing from the State Bank while starting the $11.3 billion loan programme with the IMF.