| GEO Business|
| IMF 5th tranche likely to be delayed|
| Updated at: 2204 PST, Friday, March 19, 2010|
ISLAMABAD: The fifth tranche of IMF loan may suffer delay of one week because Pakistan has failed to sign the letter of intent since its negotiations with the fund held on February 15.
According to sources of Finance Ministry, the negotiations between Pakistan and IMF were held on February 15 in connection with the 5th tranche of the loan and the 4th quarterly review.
The letter of intent mentioning finalization of the above matters was to be signed and sent to IMF by the start of March.
Prime Minister Yusuf Raza Gilani, being the holder of the portfolio of finance minister, was to sign the letter which has not yet been signed.
Therefore, the IMF Board meeting, in connection with the release of 200 million dollars instalment, which was originally to be held on March 23 will now be held on March 31.