Indo-Pak war: Pakistan asks international partners for 'more loans,' claims 'heavy losses' amid tensions with India
South Asia | Amid heightened Indo-Pak tensions, Pakistan appeals to international partners for more loans, citing heavy losses from Indian military actions.
Pakistan has issued an appeal to its international partners for money amid heightened tensions with India.
Taking to X, the Economic Affairs Division of the Government of Pakistan asked its allies for "more loans", while claiming that "heavy losses" were inflicted by neighbour India.
This comes just ahead of a vital IMF review of Pakistan's bailout and two days after India's Operation Sindoor — in which the Indian military carried out cross-border strikes targeting nine specific sites linked to terrorism — to avenge the April 22 Pahalgam terror attack.
IMF bailout review
The International Monetary Fund (IMF) on Friday (May 9) will hold a funding review meeting for Pakistan. Alongside ongoing tensions with India, Pakistan also faces fiscal trouble and has been under an IMF loan as part of its economic stabilisation plan. The review will determine if the country meets reform benchmarks and will impact the next funding disbursement.
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The May 9 review of Pakistan's funding by the IMF comes as India, as per Reuters, asked the international agency to review loans disbursed to Islamabad.
Last year, Pakistan secured a $7 billion bailout programme from the IMF. In March, it was granted an additional $1.3 billion loan for climate resilience.
This programme is vital to Pakistan's $350 billion economy. Islamabad says it has stabilised thanks to the bailout that prevented a default, reports Reuters.
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