IMF’s Decision to Reimburse Pakistan Draws Criticism from JK CM Omar Abdullah: Funds Fueling Distress

Srinagar (Jammu and Kashmir)

India

On May 10 (ANI), the Chief Minister of Jammu and Kashmir stated:

Omar Abdullah

criticized the ruling made by the International Monetary Fund (

IMF

) to proceed with its choice to keep financing

Pakistan

The Chief Minister of J&K lamented that the reimbursement has not been provided.

IMF

is being utilized to strike multiple locations throughout Jammu and Kashmir.

On a post on X, CM Abdullah appealed to the international community and stated that providing funds to

Pakistan

Would not lead to de-escalation but would instead encourage further aggressive behavior, allowing continued destruction in areas like Poonch, Rajouri, Uri, and Tangdhar, among many others.

He commented on X, “‘I am uncertain about how the ‘international community’ believes the present tensions in the subcontinent will be resolved.”

IMF

essentially reimburses

Pakistan

For all the ammunition it is employing to destroy Poonch, Rajouri, Uri, Tangdhar, and countless other locations.”

https://x.com/OmarAbdullah/status/1921024713981063364

His comments follow the approval of the first review by the International Monetary Fund.

Pakistan

‘Economic reform plan under the Extended Fund Facility (EFF) has paved the way for a payment of roughly USD 1 billion.’

India

However, they strongly resisted allocating resources to a nation that persists in supporting cross-border terrorism, cautioning that this kind of assistance poses significant reputation risks for worldwide organizations and erodes international standards.

On a tweet from X, the

IMF

said, ”

IMF

The board sanctioned the initial evaluation.

Pakistan

‘Economic reform program under the EFF enabled a disbursement of approximately $1 billion, indicating robust implementation that has aided ongoing economic recovery.’

IMF

News/status/1920931733551411303″ target=”_blank” rel=”noopener”>https://x.com/

IMF

News/status/1920931733551411303

India

abstained from the recent

IMF

cast your ballot for endorsing a loan proposal

Pakistan

, not owing to insufficient resistance, but because

IMF

The rules do not allow for an official “no” vote, according to additional sources.

Moreover, New Delhi expressed its firm objection within the limits imposed.

IMF

Regarding their voting system, they took the chance to officially document their concerns.

India

‘s key objections included:

India

also cast doubt on the efficacy of the current efforts

IMF

assistance, noting that

Pakistan

Has garnered backing for 28 out of the previous 35 years, with four initiatives introduced within the most recent half-decade, all without substantial or enduring changes, and emphasized the lack thereof.

Pakistan

The ongoing control exerted by the military over economic matters hinders transparency, civilian supervision, and lasting reforms.

In its official statement,

India

raised significant concerns regarding

Pakistan

their history with previously

IMF

Loans and the possible misallocation of funds for “state-supported terrorism across borders.”

”

India

His worries went further than just economics; they also encompassed governance matters, specifically the function of

Pakistan

The military’s involvement in economic matters was highlighted, noting that it was mentioned, “

Pakistan

The military’s substantial influence over economic matters raises concerns about potential backsliding in policies and the undoing of progress made through reform efforts.” This statement cited a 2021 UN report which characterized military-affiliated enterprises as constituting the “biggest business group” within the country.

Pakistan

and highlighted the army’s present predominant position in

Pakistan

‘S Special Investment Promotion Council.

Earlier today, CM

Omar Abdullah

expressed sorrow over the death of J&K Administrative Services officer Raj Kumar Thappa. The Chief Minister of Jammu and Kashmir extended his sympathies to Thappa’s family, as he passed away when his residence came under fire from cross-border shelling.

Pakistan

in Rajouri.

Pakistan

executed transboundary bombardment on Saturday, resulting in considerable destruction within civilian zones of Jammu’s Rajouri district and intensifying anxieties amongst locals.

Multiple blasts wrecked numerous homes and establishments throughout the area, instilling fear amongst the locals.

India

initiated the counterattacks right away afterwards

Pakistan

attacked 26 locations across

India

On Saturday, according to the sources who spoke to ANI, sporadic gunfire continues to occur at multiple locations near the Line of Control (LoC).

At minimum, four airbases are located at

Pakistan

were hit by

India

At dawn on Saturday, multiple attacks occurred, according to high-level governmental insiders, as hostilities between the nations keep intensifying.

Unmanned aerial vehicles have been spotted at 26 sites along the International Border and Line of Control.

Pakistan

. These include suspected armed drones. The locations include Baramulla, Srinagar, Avantipora, Nagrota, Jammu, Ferozpur, Pathankot, Fazilka, Lalgarh Jatta, Jaisalmer, Barmer, Bhuj, Kuarbet and Lakhi Nala. Regrettably, an armed drone targeted a civilian area in Ferozpur, resulting in injuries to members of a local family. The injured have been provided medical assistance, and security forces have sanitised the area. \

The

India

The Armed Forces are keeping themselves at a high level of readiness, with all aerial threats being monitored and countered using anti-drone technology. The situation remains under continuous surveillance, and immediate measures are implemented as needed. It is recommended that citizens, particularly those living near borders, stay inside, minimize non-essential travel, and adhere closely to the guidelines provided by local officials. Although there’s no reason for alarm, increased awareness and caution are crucial,” stated the Ministry of Defence. (ANI)