Pakistan got agitated when India demanded a debt review from IMF, called it a political conspiracy
Pahalgam Attack Aftermath: After the Pahalgam terror attack, India has asked the IMF to demand a review of Pakistan's debt and funding. To which an agitated Pakistan has responded. Pakistan has called India's move a political conspiracy.
Days before the crucial International Monetary Fund (IMF) meeting next week, Pakistan has termed India's move political, in which it has requested the IMF to call for Pakistan's debt and financing to be reconsidered. Meanwhile, Pakistan's government officials were quoted in one newspaper as saying that India is doing this as part of its effort to diplomatically isolate Pakistan. According to Pakistan, India is intentionally dragging global bodies like the IMF into the matter so that there is greater global pressure on Pakistan.
The executive board of the IMF will sit with Pakistani officials on May 9. This will feature consideration of Pakistan's Extended Financing Facility of $7 billion as well as a new program to assist it in the Resilience and Stability Facility.
India said on Friday that it will request all global financial institutions, including the IMF, to re-examine the loans and aid being given to Pakistan. India's move comes after the terrorist attack in Pahalgam, Jammu and Kashmir on April 22, in which 26 innocent tourists were killed. India alleged that three of the five terrorists involved in this attack are Pakistani citizens. At the same time, Pakistan has rejected these allegations and demanded a fair international investigation.
Prime Minister Narendra Modi said in a stern tone on April 24 that terrorists and their helpers will be given such punishment which they cannot even imagine. He called it an attack not only on tourists but on the soul of India. In a high-level meeting held on April 29, PM Modi has given complete freedom to the army to take action against the terrorists.
Meanwhile, Pakistan has said that it has used the seven billion dollar relief package received from the IMF in the right direction and it is important for the country's economic stability. Pakistan's Finance Ministry advisor Khurram Shahzad said, 'This program is not only stabilizing Pakistan, but is also increasing the confidence of international investors.' He said that Pakistan received a good response from global institutions in the recent meetings held in Washington. In March 2025, Pakistan has also received additional funding of 1.3 billion dollars to deal with climate change.
