Pakistan: India has launched a strong air attack on 9 terrorist bases in Pakistan and Pakistan-occupied Kashmir on the intervening night of Tuesday-Thursday. After this, the attitude of Pakistan is seen falling soft. After this attack, Pakistan’s Defense Minister Khwaja Asif has said in an interview that if India stops its campaign on the border, then Pakistan is also ready to take some action further. Today we are going to tell you 5 such major reasons through this news, keeping in mind that Pakistan will think ten times before hitting India.
Indian Army has no match
India believes in not saying in saying. Taking care of the boundaries of its country and the safety of citizens, India emphasizes on strengthening the defense sector. We are not saying this, but a recent report by the Swedish think tank Stockholm International Peace Research Institute (SIPRI) revealed that India is the fifth number in the world in terms of spending on the army.
In 2024, India increased by 1.6 percent and spent the total $ 86.1 billion (about Rs 7,32,453 crore) on the defense sector, while Pakistan’s spent on its country’s army was only $ 10.2 billion (about 2,85,397 crore Pakistani rupees).
Pakistan’s extreme economy
Both India and Pakistan have completed 75 years of independence, but today there is a difference of land and sky in their economic situation. Pakistan’s GDP passing through Kangali in 2024 where it stood at $ 374 billion. At the same time, India’s GDP is estimated to be 4.3 trillion dollars. According to a new IMF data, India will become the fourth largest economy by 2025, overtaking a country like Japan. Right now India is the fifth largest economy in the world. There are countries like America, China, Germany and Japan ahead of India. In such a situation, it is clear that even on the economic front, India is far ahead of Pakistan.
Help is not available in trouble
Amid stress from India, Pakistan has requested financial assistance from the International Monetary Fund (IMF), but it is yet to be decided on 9 May. During this period, a review meeting will be held at $ 1.3 billion (about Rs 11,000 crore) to Pakistan under the Climate Regylns Loan Program. Apart from this, the second installment of $ 7 billion (Rs 59,000 crore) received under the bailout package to Pakistan is also to be reviewed.
Along with this, Pakistan has also been pleading in front of China for help. Pakistan’s Finance Minister himself said in an interview in the past that Pakistan has sought financial assistance of 10 billion yuan (about $ 1.4 billion) from China through Swap Agreement. However, it has also been said that no response is received from China on this side.
Pakistani stock market battered
Since the terrorist attack in Pahalgam, the condition of Pakistan’s stock market is disturbed and so far it has slipped on 1100 points. Today, after the ‘Operation Sindoor’ of the Indian Army, the situation became worse. The benchmark KSE-100 index crashed in today’s business session with a steep decline of 6,500 points in a few hours. With this, the KSE index reached the level of 1,07,007. At the same time, all these have no effect on the Indian stock market. On Wednesday, the Sensex opened above 80,000 points and the Nifty also remained close to the level of 24,300.
IMF fear of stopping help
After the Pahalgam attack, Pakistan is avoiding lending to other countries that if there is any action on Pakistan and it is not able to repay the loan further. In such a situation, Pakistan is expecting help from IMF.
On May 9, the IMF Executive Board will meet with Pakistan officials and during this time there will be a review of a loan being given to Pakistan through 7 billion $ 7 billion Extered Fund Facility (EFF) program. Pakistan has got its first installment. The remaining 6 billion dollars will be given in the coming 37 months.
Pakistan is also going to get $ 1.3 billion from the IMF, but if Pakistan comes on the radar of the Financial Action Task Force (FATF) regarding the Pahalgam attack, the help from the IMF can stop. In such a situation, Pakistan, who is in debt, is worried about how it will be able to live.
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