India continues its efforts to annul IMF bailout package for Pakistan

Published: April 23, 2019
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PHOTO: REUTERS

PHOTO: REUTERS

India is making efforts to annul the possible International Monetary Fund (IMF) bailout package for Pakistan, Express News reported on Tuesday.

According to an international news organisation, Indian delegation held a meeting with IMF this week in Washington during which it opposed IMF’s bailout package for Pakistan. The Indian representatives also leveled allegations against Pakistan claiming that the bailout package would be used to fund militant activities.

Finance adviser discusses bailout package with IMF’s Pakistan chief

New Delhi, in the past, had also levelled allegations against Islamabad without any evidence raising objections on the packages planned for Pakistan, however, these allegations were not taken into consideration.

Earlier, India had refused to attend the second meeting of the Belt and Road Forum to be held in China by hurling baseless allegations against Pakistan. China, however, rejected the allegations and asked India to review its decision.

On Saturday, newly appointed Adviser on Finance Dr Hafeez Shaikh discussed the progress on the impending bailout package with the IMF.

Asad Umar’s exit may delay IMF bailout

He held a telephonic conversation with IMF Mission Chief to Pakistan Ernesto Ramirez-Rigo, said a statement issued by the Ministry of Finance.

According to the press release, both the sides expressed their commitment to moving the discussions forward.

“It was agreed that an IMF mission will visit Pakistan by the end of April 2019,” the statement added.

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