Pakistan has claimed that the Executive Board of this International Monetary Fund has received financial assistance of one million dollars. The claim made by Pakistan states that the proposal to provide financial assistance has been approved. It has confirmed in many media reports. At the same time, on social media, the IMF is calling the supporters of terrorism by users.
The office of Pakistan Prime Minister Shahbaz Sharif has expressed satisfaction after the loan was approved by the International Monetary Fund. Significantly, India strongly opposed the loan being given to Pakistan. The International Monetary Fund Board had to review the 7 billion program and discuss the new loan of $ 13 billion for more than 2 years.
After approving the loan from the Monetary Fund, Pakistan Prime Minister Shahbaz Sharif said that the IMF has approved a billion dollar installment for Pakistan. This is a major failure about India’s strategy to create pressure. This statement has been released on the social media platform by the Pakistan Prime Minister’s Office.
India opposed
Explain that on behalf of India International Monetary Fund had opposed giving the proposed bail out package to Pakistan. Even India had opted out of the voting to be given to the package. India had stated the reason behind not voting that Islamabad’s record of using financial assistance has been very poor.
As an active and responsible member country before the IMF, India expressed concern over the effectiveness of the IMF programs in Pakistan’s case, looking at its poor track record, and also highlighted the possibility of misuse of debt financing funds for the state -sponsored border terrorism.
