PESHAWAR, 12 May: The International Monetary Fund (IMF) has announced Rs50 billion loan for Pakistan next month after successful review of its economic performance.

Finance Minister Ishaq Dar in his meeting with the IMF delegation head Herald Finger yesterday presented report about Pakistan’s economic performance which was appreciated by the IMF official.

Mr Dar mentioned in the report that Pakistan spent Rs44 billion on the ongoing Operation Zarb-e-Azb against terrorists in North Waziristan. He added that Rs130 billion will be needed for rehabilitation and reconstruction in the areas affected by the military operation. He said these expenditures have put extra burden on the national exchequer.

On the occasion, Mr Finger announced Rs50 billion loan for Pakistan. He said Pakistan will need to broaden tax base, end load-shedding, increase exports and privatise loss making entities to further improve its economy.

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