Pakistan gets the second installment of 8400 crores from the Extended Fund Facility Program IMF

Pakistan: Pakistan has again received a loan from the IMF. Just last week, Pakistan was given a loan of $ 1 billion by the International Monetary Fund. Pakistan has been given a second installment of $ 1.02 billion (about Rs 8400 crore) under the Expected Fund Facility Program.

India protested

According to a report by Reuters, the State Bank of Pakistan has said that this amount will be included in the country’s foreign exchange reserves for the week ended on 16 May. In the IMF meeting last week, he opposed it to keep himself away from voting for the funding received to Pakistan.

In the United Nation, such a country has the right to vote ‘NO’. The same is not in IMF. Here either you have to vote in the side or keep yourself away from voting.

India had expressed concern over this, saying that Pakistan can use these money to promote terrorism across the border. India had also said that due to this financial help, Pakistan has become a huge debt and it has become a big debtor of IMF.

Pakistan is going through a bad phase

Let us know that Pakistan is going through a period of economic crisis at this time. The country’s foreign exchange reserves are also steadily declining. Moreover, inflation is also touching the sky here. Funding received by IMF will give support to Pakistan’s economy, but in the meantime, Pakistan has suffered a lot in the war with India. According to a report, Pakistan, which is struggling with these issues, has a foreign currency debt of about 131.16 billion by December 2024.

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