Might 02, 2025 (MLN): India has requested the Worldwide Financial Fund to overview loans disbursed to Pakistan, an Indian authorities supply advised Reuters on Friday, as tensions between the South Asian neighbours escalated following a lethal assault in Kashmir.

India and Pakistan have introduced a raft of measures after an assault on Hindu vacationers in Indian Kashmir final week killed 26 males and there’s a concern that the most recent disaster between the nuclear-armed rivals may spiral right into a army battle.

New Delhi has recognized the three attackers, together with two it says are Pakistani nationals, as "terrorists". Islamabad has denied any function and known as for a impartial investigation.

India suspended a crucial river water sharing treaty and the 2 international locations have closed their airspace to one another's airways, as Reuters reported.

Pakistan secured a $7 billion bailout programme from the IMF final yr and was granted a brand new $1.3bn local weather resilience mortgage in March.

The programme is crucial to the $350bn economic system and Pakistan mentioned it has stabilized beneath the bailout that helped it stave off a default risk.

India raised issues with the IMF on its loans to Pakistan, asking for a overview, a authorities supply advised Reuters with out elaborating.

The IMF and India's finance ministry didn’t instantly reply to a request for remark.

The advisor to Pakistan's finance minister mentioned the IMF programme is "well on track".

"The latest review has been done well and we are completely on track," advisor Khurram Schehzad, advised Reuters, including that Pakistan had very productive spring conferences with monetary establishments in Washington.

"We did about 70 meetings … interest has been very high for investing and supporting Pakistan as the economy turns around," Schehzad mentioned.

The hovering tensions between the 2 international locations has drawn world consideration and requires cooling tempers.

U.S. Vice President JD Vance mentioned on Thursday that Washington hoped Pakistan would cooperate with India to seek out Pakistan-based assailants.

Muslim-majority Kashmir is claimed in full by each Hindu-majority India and Islamic Pakistan, however every guidelines it in elements.

Whereas New Delhi accuses Pakistan of backing an rebellion in Indian Kashmir since 1989, Pakistan says it solely presents diplomatic and ethical assist to a Kashmiri demand for self-determination.

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Posted on: 2025-05-02T16:04:03+05:00

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