KARACHI. Pakistan. Sept 8: Pakistan Is again drifting towards default on its 30 billion dollars debt and scant hopes of avoiding such a move rest with the IMF. analysts said on Monday. reports Reuters.

"With 700-750 million dollars in debt repayments in September, almost equivalent to prevalent forex reserves, any delay in balance of payment support will result In the imposition of a unilateral debt moratorium, said Aneesur Rehman, head of research at Brokers Scociete Generale Securities.

A decision on a long-awaited 1.5 billion dollars funding by the Jeddah-based Islamic Development Bank (IDB) is expected some time this week. An International Monetary Fund mission is scheduled to hold policy discussions on resuming aid with Islamabad next week.

But analysts said none of the sources was likely to dole out the needed amount fast enough to let Pakistan meet its September debt obligation. The government warned in June that it might have to consider declaring a debt moratorium.

Officials say the country faces a funding gap of 4.5 billion dollars in its balance of payments because of suspension of aid. commercial loans and private inflows following US-led international sanctions against its nuclear tests last May.