Despite India’s opposition, Pakistan has $ 1 billion in debt, explaining the reason for the IMF, and know what the conditions are.
Why the International Monetary Fund for Pakistan?
International Monetary Fund Credit to Pakistan: The International Monetary Fund (IMF) has said that the Board of Directors has said that this month has helped Pakistan for $ 1 billion this month, because the country has completed all conditions and goals. Julie Goshek, Director of the International Monetary Fund, said that in September last year, the Finance Fund (EFF) extended to Pakistan in September last year and the Board approved the amount on May 9. The International Monetary Board of International Monetary Fund has approved the latest aid to Pakistan, while India fears that this amount can be used for cross -trafficking.
Rajnath Singh questioned
On May 16, India’s Defense Minister Rajnath Singh pressed the International Monetary Fund and said that Islamabad could use a large part to finance the terrorist structure. Kojak responded to a question during a conversation with reporters and said that the International Monetary Fund was approved by the IMF in September last year and that the first review was planned in the quarter of 2025.
IMF said, assisted after review
He said the recent assistance was given after the review. In addition, Gosek said any deviation from the established program conditions would affect future reviews under the Pakistan program. He said, “I would like to emphasize here that our management team is part of a standard process under the programs that periodically reviewed the progress of credit schemes.”
What are the conditions
- The International Monetary Fund said that the Board is particularly focused on whether the project is running in the right direction?
- Will the conditions under the plan be fulfilled?
- Is there any policy change necessary to bring the program back in the right direction?
Our Board found that Pakistan had really completed all the goals for Pakistan. He has advanced in some reforms. For this reason, the Board went up and approved the project. In general, he said that all the funds received under the EFF were allocated in the Central Bank’s shop.
11 conditions imposed on Pakistan
During the Indo-Pak tension, the International Monetary Fund approved a $ 1 billion loan to provide financial assistance to Pakistan. But the International Monetary Fund later imposed 11 new conditions to Pakistan. According to the contract to meet the program goals by the end of June 2025, the International Monetary Fund has imposed a condition for Pakistan to grant parliamentary approval to the budget of the 2026 fiscal year.
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