| GEO Business|
| IMF assures Pakistan to get next tranche in May|
| Updated at: 2145 PST, Wednesday, April 14, 2010|
ISLAMABAD: The International Monetary Fund (IMF) has assured Pakistan it will approve the release of the next tranche of an $11.3 billion loan at a board meeting on May 3, the prime minister's office said on Wednesday.
Prime Minister Yusuf Raza Gilani said in talks with the IMF in Washington that his government was trying to broaden tax base and keep the budget deficit "close to" 5.1 percent of gross domestic product, according to a statement from his office.
"(Gilani) however urged the IMF leadership and its board to take into account Pakistan's ground realities and practical difficulties while suggesting the required reforms measures," the prime minister's office said.