Pakistan Begs for More IMF Loans Amid Military Setback From Ministry's X Account- Government Claims 'IT'S HACKED!'
'Yeh Dil Maange More?' In the wake of a military defeat by India and a plunging stock market, Pakistan has urgently appealed to international partners for financial assistance while facing critical scrutiny at an IMF board meeting today.
Despite ongoing domestic instability and rising debt, Pakistan remains highly dependent on the IMF, with today's board meeting potentially determining whether the country avoids a balance of payments crisis.
As military tensions with India escalate, Pakistan's government has made a public plea to international financial institutions for emergency assistance, just hours before a crucial meeting with the International Monetary Fund (IMF) Executive Board. The appeal comes amid a sharp market downturn, heavy military losses, and renewed international criticism over the use of previous IMF funds.
The Ministry of Economic Affairs in Islamabad posted on X (formerly Twitter), stating, “Amid escalating war and stocks crash, we urge international partners to help de-escalate. Nation urged to remain steadfast.” This follows Pakistan’s failed aerial offensive against northern Indian cities and the subsequent loss of at least five fighter jets — including a US-made F-16 — in retaliatory strikes by Indian armed forces.
The timing could not be more critical. Pakistan is currently under review by the IMF for a fresh $1.3 billion tranche as part of its Extended Fund Facility (EFF), a key lifeline for the cash-strapped country. In total, Pakistan has received $7 billion under this arrangement since September 2024, with an additional $1.3 billion in March 2025 linked to climate reform.
India has officially indicated it will weigh in on Pakistan’s funding review. Foreign Secretary Vikram Misri said, “I'm sure that our executive director will put forward India's position... the case with regard to Pakistan should be self-evident to those people who generously open their pockets to bail out this country.”
Misri criticised Pakistan’s use of IMF funds, accusing it of funnelling international assistance towards intelligence and terror operations rather than structural economic reform. “Pakistan's reputation as the epicentre of global terrorism is rooted in a number of instances... I don't need to remind where Osama Bin Laden was found and who called him a martyr,” he added.
The Indian foreign secretary further alleged that financial aid has inadvertently empowered groups like Lashkar-e-Toiba (LeT) and Jaish-e-Mohammed (JeM) — both of which are designated terrorist organisations by India, the United States, and the United Nations Security Council — warning that “these funds are indirectly facilitating operations” of such networks.
Following India’s Operation Sindoor — a precision strike on nine terror sites across Pakistan and Pakistan-Occupied Kashmir — questions have resurfaced internationally about the accountability mechanisms attached to IMF funding.
In a parallel development, India's representative at the IMF, Parameswaran Iyer, has been tasked with managing IMF-related responses following the departure of former Executive Director KV Subramanian.
Despite ongoing domestic instability and rising debt, Pakistan remains highly dependent on the IMF, with today's board meeting potentially determining whether the country avoids a balance of payments crisis.
A clarification is given recently from the same website stating that the website was hacked
Get Latest News Live on Times Now along with Breaking News and Top Headlines from Budget 2025, Companies,Economy, Business Economy and around the world.
End Article
Samannay Biswas author
Working as Copy Editor at the Business Desk of Times Now Digital. Dedicated...View More
Related News
Basmati Rice Prices Rise on Global Demand, Not India-Pakistan Tensions, Say Exporters
India Proposes 9-Point Tariff Cut to Below 4% in Push for Landmark Trade Deal with US
NBFC Backed by LIC and SBI Life, Declares 10 % Dividend Amid 26 % Q4 Profit Surge
Can Pakistan Even Afford A War With India Economically? Here's A Wake Up Call
SBI, PNB, Canara Bank Reassure Public: No ATM Shutdown Amid Indo-Pak Tensions, Ensure Full Functionality
End of Feed