By Admin 
Pakistan loan review: Today is very important for Pakistan. Amid the ongoing military action with India, the International Monetary Fund (IMF) will review the loan being given to Pakistan today.
In this connection, a meeting of IMF executive officers is going to be held with Pakistani officials, which India is closely monitored and now India is preparing to surround Pakistan on the economic front. In this meeting, the Executive Director of India will present his side on behalf of the country, in which a loan of $ 1.3 billion to be given to Pakistan will be discussed.
World’s eye on IMF’s decision
Foreign Secretary Vikram Mistry was asked about India’s stance about the IMF loan given to Pakistan at a press conference, he said, “We have an executive director in the IMF. Tomorrow (Friday) is a board meeting of the IMF and I am sure our executive director will favor India.
Pakistan has to meet IMF so much debt
Let us know that in the meeting to be held today, Pakistan has to get a loan of $ 1.3 billion (about Rs 11,000 crore) from the IMF under the Climate Rejyl from the Climate Regulation Loan Program, it will be reviewed. Apart from this, a bailout package being given to Pakistan will also be reviewed through the 7 billion $ 7 billion Extest Fund Facility (EFF) program. Its first installment has already been given to Pakistan and now the remaining 6 billion dollars are to be given in the coming 37 months.
IMF will have to decide carefully
Mistry further said, “The board members of IMF will have to take a decision on the basis of facts. The board’s decision is a different case as it is taken through a process. But I think that in the case of Pakistan, they should know themselves, to save the country, they open their pockets openly. In the last three decades, several IMF Bailout Program has been approved. How many of these programs successfully reached their outcome- probably not many. Therefore, I believe that this is a decision that the board members have to look deep into themselves and investigate the facts. ”
Let us know that the bailout program is a way through which the IMF or the bank gives a loan to the sinking economy or company of a country to revive. Pakistan has so far spread his hand 24 times in front of the IMF. Here, the Government of India is urging many other agencies including the IMF to think about the funding or loan given to Pakistan and put it in the gray list.
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