Indian government of PM Modi once again made its intentions clear against Pakistan as it continues to oppose a possible IMF bailout for Pakistan. The Indian officials are spreading the misleading and wrong information in Washington that Pakistan will use the billion dollars bailout to finance the terrorist groups. India is making all-out effort to create hurdles and to bracket Pakistan with terror financing.
The Indian officials warned the IMF against helping Pakistan with multi dollar loan during a meeting of IMF and World Bank and pointed out that Pakistan was already on the “grey listed” under the Financial Action Task Force (FATF).
The former finance minister Asad Umar who resigned couple of days ago after returning from Washington made it clear that Pakistan has already reached an agreement in principal with IMF. The IMF delegation is expected to visit Pakistan in coming days to formally sign the agreement. Pakistan is looking for nearly $8 billion from IMF as a loan to overcome the current account deficit. The IMF bailout will help Pakistan to stablise its economy.
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18 August, 2019