Pakistan got loan from IMF? Claim of getting one billion dollar aid, India had protested

New Delhi. India strongly opposed the decision of the International Monetary Fund (IMF) to provide financial aid of $1.30 billion to Pakistan in a meeting organized by it. India said that Pakistan uses this type of financial package not to improve the country's economic condition but to spread terror across the border.

Pakistan's past record is a testimony to this. India also decided to remain absent from the voting in the IMF regarding giving loan to Pakistan. On the other hand, late at night, Pakistan's PMO said that the IMF has approved a loan of about one billion US dollars to Pakistan under the extended fund facility.

Questions raised on the functioning of the IMF

India even said in the IMF meeting held on Friday that by looking at Pakistan's past attitude and giving it financial aid despite the United Nations report, questions are being raised on the functioning of the IMF.

India said that repeatedly giving financial packages to a country spreading cross-border terror will send a dangerous message to the international community and will make a mockery of global values, along with tarnishing the image of global agencies and other donors who fund the IMF.

Pakistan exposed

• India said that the use of help from an international financial institution like the IMF by a country to fund its army and spread cross-border terror reflects a serious gap in technical and procedural formalities in the IMF. This needs to be filled immediately so that global financial institutions cannot ignore ethics during their process.
• India said that despite the elected government in Pakistan, there is complete interference of the army in its functioning, which has also been mentioned in the United Nations report in the year 2021. The army of Pakistan runs business there and influences all types of economic policies. Despite getting continuous financial packages, the economic condition of Pakistan is getting worse instead of improving.
• The debt burden on it is increasing continuously. Pakistan has been taking financial packages from the IMF for the last 28 years and yet its economic condition is very pathetic. Despite this, the package given to it raises a question mark on the IMF as well as on its monitoring.