Read quickly
Summary AI is generated, newsroom rated.
The IMF defended his $ 1 billion rescue operation against Pakistan, which stated that the country has achieved the required goals, despite India's concern about terrorism. The aid is linked to 11 new conditions, including budget goods inspections and financial strategy planning.
New Delhi:
The International Monetary Fund (IMF) has defended the $ 1 billion bailout package (more than RS 8,000 crore) to Pakistan and said that the Land -based country “has achieved all required goals” to receive the latest loan episode. The IMF released the financing when Pakistan was busy randomly fire on India after the Indian army operation Sindoor had launched – a military attack on terror infrastructure in Pakistan and Pakistan -occupied Kashmir (POK).
The IMF's justification comes days after India asked to reconsider his rescue operation of $ 2.1 billion to Pakistan, because it enables terrorists to use his land to launch attacks on Indian citizens. Defense Minister Rajnath Singh said last week that the help to Pakistan is a “form of indirect financing of terror”.
The IMF has spoken to Pakistan in two tranches $ 2.1 billion in the context of his extensive Fund Facility (EFF) program. The global lender and Pakistan signed a deal last year for $ 7 billion under the Eff.
Julie Kozack, the director of IMF of the communication department, said: “Our board discovered that Pakistan had indeed achieved all the goals. It had made progress with some of the reforms, and for that reason the board went ahead and approved the program.”
“The First Review was Planned for the first Quarter of 2025. And consistent with that timeline, on march 25 of 2025, the IMF Staff and the Pakistani Authorities Reached a Staff-Level Agreement on the first review for the Eff. That Staff-Vevelement was presented to irive, Completed the review on May 9. As a Result, Pakistan Received the Disbursement at That Time, “She Explained Further Duration A Media briefing.
Mrs. Kozack was also about the conflict between India and Pakistan and hoped for a peaceful solution between the two countries.
“With regard to Pakistan and the conflict with India, I want to start here by first expressing our regret and sympathies for the loss of life and for the human toll of the recent conflict. We hope for a peaceful solution of the conflict,” she said.
IMFs 11 conditions for Pakistan
Last week the Global Monetary Fund 11 struck 11 new conditions on Pakistan for the release of the next tranche of his bailout program and reportedly warned that tensions with India could increase the risks of the tax, external and reform goals of the scheme. According to a report, the new conditions include the parliamentary approval of a new budget of RS 17.6 trillion, an increase in the allowance of debts for electricity accounts and the elimination of restrictions on imports of more than three -year -old cars, among other things.
Another condition states that the government will prepare and publish a plan in which the financial sector will be explained after the 2017 the strategy after 2017, whereby the institutional and regulatory environment will be explained from 2028. The parliament will also adopt legislation to permanently make the prisoner -power ordinance permanent by the end of this month, the IMF said.
The IMF has also imposed a condition that Pakistan will draw up a plan based on the assessment that is carried out to completely abolish all incentives with regard to special technology zones and other industrial parks and zones by 2035.
