May 10, 2025 01:05 am Astt
The decision comes after New Delhi asked the IMF to review his loans in Pakistan citing his continuous support for cross -border terrorism against India
On Friday, the Pakistani government said that the Board of Directors of the International Monetary Fund (IMF) approved the first examination of its $ 7 billion program, releasing 1 billion dollars in cash for the country locked up in a conflict with India during the Pahalgam terrorist attack on April 22.
“Prime Minister Muhammad Shehbaz Sharif expresses his satisfaction with the approval of a billion dollars by the International Monetary Fund (IMF) for Pakistan,” said Prime Minister (PMO) office in a statement.
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The last approval brings the total disbursement to $ 2 billion in the $ 7 billion program. The last sanction comes after New Delhi asked the IMF to review his loans to Pakistan, citing his continuous support for cross -border terrorism against India.
Reuters said that the personnel agreement for the rescue program had been concluded between the IMF and the Pakistani government before tensions deteriorate between New Delhi and Islamabad. The global organization did not respond to the agency’s commentary request after approval.
India on bailout for Pakistan
Before approval, India opposed the IMF on Friday to extend new loans of USD 2.3 billion in Pakistan, saying that they could be used to finance cross -border terrorism sponsored by the state.
Read also | The IMF approves a loan of $ 7 billion while Pakistan faces economic losses
The Union government has registered its demonstration on the IMF council, which met on Friday to examine the prolonged funding loan program (EFF) (USD 1 billion) and also considered a resilience and sustainability program (RSF) (USD 1.3 billion) for Pakistan.
A declaration from the Center said: “India stressed that the continuous sponsorship reward for cross -border terrorism sends a dangerous message to the global community, exposes funding agencies and donors to reputation risks and makes fun of global values. Although the concern that the growing entrances of the border were transformed by the influenses transformed by the transversal influenses sponsored by the military and the States. ”.
