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Reading: IMF approves USD 1 billion loan for Pak; India abstains from vote, opposes funds to terror-sponsor
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IMF approves USD 1 billion loan for Pak; India abstains from vote, opposes funds to terror-sponsor

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Last updated: May 10, 2025 3:52 pm
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PTI

NEW YORK/ISLAMABAD: (May 10) The International Monetary Fund has approved the immediate disbursement of about USD 1 billion to Pakistan under the ongoing Extended Fund Facility.

Pointing out that rewarding continued sponsorship of cross-border terrorism sends a dangerous message to the global community, India abstained from voting at the crucial International Monetary Fund (IMF) held on Friday in Washington.

An IMF statement soon after said its Executive Board concluded the initial review of Pakistan’s economic reform programme under the Extended Fund Facility (EFF) arrangement.

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