Bankrupt Pakistan gets Rs 70000000000 from…., secures important position in UNSC, to get jackpot in July
India had vehemently opposed ADB's decision to grant USD 800 million loan to Pakistan saying the fund could be misused for increasing expenditure on its military
In a extensive good files for Pakistan amid its rising financial problems, Pakistan has received a extensive economic equipment from the Asian Vogue Financial institution (ADB). Opening a new plethora of industrial opportunities, the ADB has reportedly granted 800 million greenbacks i.e. about 6,871 crore rupees (approximately Rs 70000000000) to Pakistan. Besides to to this, Pakistan has additionally been given crucial responsibilities within the United Nations Security Council (UNSC). Listed below are the total particulars you will want to grab about the hot trends on Pakistan.
UNSC brings good files for Pakistan
Besides to to this, Pakistan has additionally been made the chairman of the 1988 Taliban Sanctions Committee within the U.S.. For these unversed, the U.S. 1988 Taliban Sanctions Committee works to impose sanctions on of us and organizations connected to the Taliban.
Extra critically, Pakistan, below the management of Shehbaj Sharif will additionally change into the president of the U.S. in July 2025.
India’s opposition to ADB’s Pakistan grant
India had vehemently adverse ADB’s choice to grant USD 800 million loan to Pakistan pronouncing the fund will be misused for increasing expenditure on its militia, as per a document by files agency.
“India shared deep issues relating to the aptitude misuse of ADB resources, particularly in light of Pakistan’s increasing defence expenditure, its declining tax-to-GDP ratio, and the dearth of demonstrable progress on key macroeconomic reforms,” they acknowledged.
ADB’s extensive grant to Pakistan
Asian Vogue Financial institution (ADB) earlier common USD 800 million programme to bolster fiscal sustainability and help public financial administration in Pakistan.
Earlier within the day, the Congress in a post on X quipped that High Minister Narendra Modi met ADB President Masato Kanda on June 1 and three days later ADB cleared the USD 800-million loan to Pakistan.
Extra critically, Modi authorities’s have an effect on did no longer work on the IMF earlier as earlier in May, Pakistan received 1 billion greenbacks (8,500 crore rupees) from the International Monetary Fund (IMF) amid raging India-Pakistan tensions.
(With inputs from agencies)
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