Islamabad: Faced with deepening turmoil, crisis-hit Pakistan has once again turned to its international allies, pleading for fresh loans as the country reels under the weight of escalating conflict with India and a crashing economy. The ongoing war has not only intensified geopolitical tensions but has also dealt a heavy blow to Pakistan’s financial stability, leading to sharp declines in stock markets and widespread investor panic in the country.
Taking to X, the Economic Affairs Division of the Pakistani government acknowledged the severity of the situation and appealed to global institutions and friendly nations for immediate support. “Amid escalating war and stocks crash, we urge international partners to help de-escalate. Nation urged to remain steadfast,” the post read.
India likely to urge IMF to exercise caution on bailout package to Pakistan
A day ahead of a crucial meeting of the International Monetary Fund (IMF) in Washington, India on Thursday hinted that it could communicate its view to the global financial body on its bailout package for Pakistan. Foreign Secretary Vikram Misri said India’s executive director at the IMF will put forward the country’s position during the meeting of the board of the global body on Friday.
