The IMF defended its $1 billion bailout to Pakistan, stating the country met required targets despite India’s concerns over terrorism. The aid is tied to 11 new conditions, including budget approvals and financial strategy planning.
The International Monetary Fund (IMF) has defended the $1 billion (over Rs 8,000 crore) bailout package to Pakistan, saying the debt-ridden country “met all the required targets” to receive the latest loan instalment. The IMF released the funding when Pakistan was busy with arbitrary firing on India after the Indian military launched Operation Sindoor – a military strike on terror infrastructure in Pakistan and Pakistan-Occupied Kashmir (PoK).
The IMF’s justification comes days after India asked it to reconsider its $2.1 billion bailout to Pakistan as it allows terrorists to use its soil for launching state-sponsored attacks against Indian citizens. Defence Minister Rajnath Singh last week said that the aid to Pakistan is a “form of indirect funding to terror”.
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