Urooj Niazi 
imf approves $1 billion loan to pakistan
IMF Disbursement of $1 Billion Loan to Strengthen Pakistan’s Economy
The International Monetary Fund (IMF) approved a new $1 billion loan for Pakistan, providing a much-needed boost to the country’s struggling economy.
This is part of a larger $7 billion bailout program that Pakistan and the IMF had previously agreed to. PM Shehbaz Sharif’s office was elated, indicating that the economy was on a path to recovery and stability.
However, not every country agreed with the decision. India expressed strong objections and decided to abstain. New Delhi could not support the loan they argued, because of Pakistan’s possible misuse of the funds and potential alleged ties to supporting terrorism.
In the face of India’s objection, the IMF proceeded to loan Pakistan the money, confirming the agreement was finalized before the countries had escalated their tensions. As of now, the IMF has not issued any comment in response to India’s objections.
With this last payment, Pakistan has now received a total of $2 billion in the program, which likely will help Pakistan manage its finances better and obtain economic growth.
