Pakistan has gone to International Monetary Fund (IMF) for more than twenty times to get loans and now is the situation that it stands at 5th?position in the list of 93 member countries of IMF which have taken the highest maximum loans.
According the data of IMF, Pakistan will become the 4th?in the list of IMF member countries whose loan stands at the top after the receiving additional loans of $3 billion in the next nine months under the standby arrangement.
So far, International lender has given $115 billion to its member as loan. Argentine stands at first position as the IMFs borrower with $46 billion, Egypt stands at second position with $18 billion, Ukraine stands at third position with loans of $12.2 billion, Ecuador stands at fourth position with amount of loan which is $8.2 billion and at present, Pakistan stands at fifth position?with loan of $7.4 billion. After receiving $3 billion loan from IMF, Pakistan will take 4th?position, leaving Ecuador behind.
Pakistan is among those 10 member countries of International Monetary Fund which has taken 71.7 percent of loans out of the total amount of outstanding balance of loans, the international lender has given to its member countries.