*ISLAMABAD: A **High level International Monetary Fund delegation isarriving in Pakistan for performance review of the country under IMFpackage.*

*A delegation of the International Monetary Fund will visit Islamabad tomeet government officials this month, confirmed IMF’s ResidentRepresentative for Pakistan Teresa Daban Sanchez.*

The delegation will visit Pakistan to review the government’s economicperformance during the first quarter of the current fiscal year.

Sanchez confirmed that the delegation will arrive in Pakistan on September16 while the visit would ‘technical’ in its genre as the members will alsodiscuss economic challenges with the government officials.

The State Bank of Pakistan (SBP) had received $1 billion from theInternational Monetary Fund (IMF) on July 10 as the first tranche of a bailoutpackage link forbalance of payment support.

The Executive Board of the International Monetary Fund (IMF) in itsWashington meeting on July 3 approved $6 billion loan for Pakistan underits bailout programme.

Pakistan’s government and the IMF had already signed staff agreement on May12. The Executive Board of the IMF will give its final nod to the agreementunder which Pakistan will receive six billion dollars loan package from thelender in three years under the extended fund facility.

The final budget measures passed by the assembly along with a report oncompliance with all prior actions remained key elements in the board’sdecision to grant Pakistan’s request for a $6 billion bailout facility.

The government in its budget proposals for the next financial year hasadded Rs. 357 billion loans from the IMF.