After the Pahalgam Terror Attack, the tension between India and Pakistan is constantly increasing. Pakistan is nervous due to India’s action and is constantly being begged in front of its friendly countries with a bowl for help. The situation of panic is that Pakistan Stock Market Crash has become Crash. Meanwhile, this news is in the news in Pakistani media that the International Monetary Fund i.e. IMF can give $ 1.1 billion to the country.
Pakistan is waiting for May 9
The International Monetary Fund (IMF) Executive Board meeting is scheduled to be held on 9 May next month and according to Pakistani media, IMF can take a decision on providing $ 1.1 billion (about 30890 crore Pakistani rupees) for Pakistan. Significantly, this amount is a part of Pakistan’s 37 -month -old bailout program.
IMF meeting focus on these issues
The report quoted the International Monetary Fund as saying that this meeting to be held on May 9 will be focused on a new system under Pakistan’s Extended Fund Facility (EFF), amending the performance standard and a new system under the Regency and Sustainability Facility (RSF). Pakistan is expecting approval of $ 1.1 billion installment during this meeting.
Growth rate has been cut
Meanwhile, let us know that the IMF has already cut Pakistan’s GDP GDP growth for the current business year. Yes, last week IMF has reduced it from 3 percent to 30 basis points to 2.6%. While the World Bank (World Bank) has also reduced Pakistan’s growth rate estimate to 2.7 percent.
PAK is disturbed after India’s strict action
Please tell here that after the steps taken by India after the Pahalgam terror attack, there has been a panic in Pakistan. The country’s stock market is constantly crashing. On Wednesday, Karachi 100 (KSE) index of Pakistani Stock Market was seen trading with 4000 points or 3.50 per cent fall. Since 22 April, Karachi-100 index has come down from 120,000 to 112,338.16.
Pakistan is also seeking help from China
In addition to financial assistance from IMF, Pakistan is seen continuously pleading for help from its friendly countries amidst tension from India. Meanwhile, he has urged China to increase his swap line (Pak Currency Swap Line) to increase 10 billion yuan (about $ 1.40 billion). Let me tell you that it is currently 30 billion yuan and according to Pakistan Finance Minister K Aurangzeb, it has been requested to do 40 billion yuan.