Sunday, April 11, 2021

Pakistan Blames India For Hampering International Monetary Fund Bailout Package

India is making active efforts to hamper the possible International Monetary Fund (IMF) bailout package to Pakistan, according to Express News. Pakistan has been in a deep economic crisis and is seeking financial assistance from the International Monetary Fund besides other key allies like China, UAE and Saudi Arabia.

Crippled Pakistan May Finally Approach IMF For Bailout Package

According to reports in Pakistan Media, Indian delegation held a meeting with IMF this week in Washington during which it opposed IMF’s bailout package for Pakistan. The Indian representatives also levelled allegations against Pakistan claiming that the bailout package would be used to fund militant activities.

New Delhi, in the past, had also levelled allegations against Islamabad without any evidence raising objections on the packages planned for Pakistan, however, these allegations were not taken into consideration.

Earlier, India had refused to attend the second meeting of the Belt and Road Forum to be held in China by hurling baseless allegations against Pakistan. China, however, rejected the allegations and asked India to review its decision.

Student Kills College Professor in Bahawalpur, Pakistan Over Anti-Islam Freshers Party

On Saturday, newly appointed Adviser on Finance Dr Hafeez Shaikh discussed the progress on the impending bailout package with the IMF. He held a telephonic conversation with IMF Mission Chief to Pakistan Ernesto Ramirez-Rigo, said a statement issued by the Ministry of Finance.

According to the press release, both the sides expressed their commitment to moving the discussions forward. “It was agreed that an IMF mission will visit Pakistan by the end of April 2019,” the statement added.

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