New Delhi asks the IMF to review PAK's plans. Loans are politically motivated: Islamabad

The shouts of Hurriyat meeting of supporters from all parties during an anti-Indian rally in Muzaffarabad, Pakistan on May 2, 2025. |Picture source: AP

Ahead of next week's key review meeting of the International Monetary Fund (IMF), Pakistan has said it is “politically motivated” India announced that it will require global lenders to review Islamabad's financial support plans in the following Pahalgam terrorist attacks.

Special Forum In Saturday (May 3, 2025), officials said India's attempts involving the IMF “a movement in which its political movement diplomatically quarantines Pakistan.”

The IMF Executive Committee plans to meet with Pakistani officials on May 9 to review the Extended Funding Facilities (EFF) for the first time and requires arrangements based on resilience and sustainability facilities.

India said on Friday it would ask global multilateral agencies, including the International Monetary Fund, to provide funding and loans to Pakistan as New Delhi tried to turn diplomatic in neighboring states, killing 26 tourists after the April 22 terrorist attack in Pahalgam.

Authorities have identified five terrorists, including three Pakistani nationals – following the Pahargam massacre.

Islamabad rejected the allegations and called for a fair international investigation.

Prime Minister Narendra Modi vowed on April 24 to punish the terrorists behind the Pahargam terrorist attacks and part of a conspiracy beyond their imagination, asserting that the country's enemies are targeting not only futile tourists, but also daring to attack India's souls.

According to government sources, Modi asserted at a high-level meeting with Defense Brass on April 29 that the armed forces have “complete freedom of movement” and can determine the pattern, target and timing of India's terrorist attacks.

Meanwhile, the newspaper cited an adviser to Pakistan’s finance ministry and confirmed on Friday that the country’s $7 billion IMF bailout received “on track” last year, which is crucial to macroeconomic stability.

Islamabad also received US$1.3 billion in climate elasticity funding in March 2025.

“The plan is not only stabilizing Pakistan – it is building confidence,” said financial adviser Khurram Schehzad. “The latest IMF reviews went smoothly and our meeting with global financial institutions in Washington reflects the interests of high investors.”