Islamabad: Pakistan has not got any indications from the International Monetary Fund (IMF) on the release of the final tranche of a USD 11.3 billion loan package.

A Pakistani delegation to the IMF-World Bank held meetings in the US is returning without any understanding on the release of the final installment, according to sources.

The country has received over USD 7 billion in five installments, but failed to get the sixth installment due to it's inability to meet performance benchmarks.

"There are no indications that the delegation was able to convince the IMF to release the next tranche," sources said and added, "Until the sixth tranche is released, it is quiet unlikely that the IMF will hold any negotiations on a future arrangement."

There were indications that Islamabad may seek another loan of about USD 3.2 billion to meet its financial obligations and to repay earlier debts.

"But the country's economic performance is so poor that it is difficult to imagine how they could have convinced the IMF to release the next tranche," the source said.

The country has about two months' time left to implement at least some of the reforms the IMF recommended to be eligible for the final tranche and to seek a fresh package, the media report said.

The IMF's concerns are over increasing inflation, a fiscal deficit, exemptions in the reformed general sales tax and energy subsidies.

Experts have pointed out that India too had a high deficit but its growth rate was also between 9-10 percent compared to Pakistan's two percent.

(Agencies)