$7.878b loans obtained from IMF in three years, NA told

Pakistan has obtained $ 7.878 billion loan from the International Monetary Fund (IMF) from 2008 to 2010-11, according to documents placed before the National Assembly (NA). The documents revealed that the country obtained a $3.9 billion Stand-by Agreement (SBA) in 2008-09 while the SBA obtained in 2009-10 was $3.526 billion. In addition, $ 0.452 billion had been obtained as Emergency and Natural Disaster Assistance (ENDA) in 2010-11. The interest rates on these loans range between 1.07 percent and 3.07 percent per annum. The IMF had disbursed the amount in 6 tranches, each of which is payable in eight equal installments.