Latest news with #OperationSindoor.On
India Today
2 days ago
- Politics
- India Today
Pak's terror nexus exposed again: Top brass honour terrorist killed in Op Sindoor
In yet another stark reminder of Pakistan's deep ties with proscribed terror groups, top Pakistan Army officers and senior civilian officials were seen openly paying respects at the grave of a Lashkar-e-Taiba (LeT) terrorist eliminated in India's recent Operation Pakistan's Independence Day on August 14, General officer commanding (GOC) Lahore Division Major General Rao Imran Sartaj, Federal Minister Malik Rashid Ahmed Khan, District Police Officer Kasoor Muhammad Isa Khan, and Deputy Commissioner Imran Ali visited the grave of Mudasir Ahmed in Muridke, Lahore. (Image: India Today) advertisement Mudasir, a high-value LeT operative, was linked to the 1999 IC-814 hijacking and the 2019 Pulwama terror attack. He was among those killed when Indian forces targeted Markaz Taiba — the LeT Mudasir Ahmad, the Indian strike also took out other long-wanted LeT terrorists, including Yusuf Azhar and Abdul Malik Rauf. Both were key planners of major terror plots against LED BY TERRORISTMudasir's funeral, held on May 7 in Muridke, was led by LeT commander Abdul Rauf (also known as Abdur Rauf), a specially designated global terrorist under US Treasury Pakistan Army officers and the Punjab Inspector General of Police were seen offering funeral prayers alongside LeT CLAIMS VS GROUND REALITYThe visuals from the funeral and the subsequent grave visit lay bare Pakistan's double-speak on counter-terrorism — publicly claiming to fight terror, while state machinery continues to honour UN- and US-listed showering petals on coffins to offering guard of honour, Pakistan's establishment has yet again demonstrated its unwavering patronage for some of the world's most wanted terrorists.- Ends
India Today
09-05-2025
- Business
- India Today
IMF, Pakistan's lifeline amid imminent war
The International Monetary Fund is convening a board meeting today to consider disbursing a $1.3 billion loan to Pakistan as part of the new arrangement under the Resilience and Sustainability Facility. The IMF will also conduct the first review of an existing $7 billion loan under the Extended Fund Facility programme to assess whether Pakistan has met the conditions to unlock the next tranche of Executive Director at the IMF is expected to participate and present the country's official position on the proposal. The meeting comes during heightened tensions between the two countries following Operation May 8, Foreign Secretary Vikram Misri confirmed that India would voice strong reservations about extending financial assistance to the neighbouring country. He said India will raise the issue during the IMF board meeting on May 9. India is also expected to reach out to other multilateral financial institutions to review ongoing loans and grants provided to trail of bailouts According to IMF data, Pakistan entered into 25 loan arrangements over seven decades, from 1958 to 2024, with a cumulative agreed amount of $44.57 billion. Of that, $28.2 billion has been disbursed so far. Pakistan currently owes the IMF $8.3 billion. These include various loan types, from Stand-By Arrangements to Extended Fund first IMF bailout was signed on December 8, 1958, under a Stand-By Arrangement worth $30 million. However, no funds were drawn under that arrangement. The largest loan approved to date was under a Stand-By Arrangement in November 2008, with an agreed amount of $9.78 billion. The loan was approved to support its program to stabilise and rebuild the economy while expanding its social safety net to protect the poor. Pakistan ultimately drew $6.7 billion under that most recent arrangement was an Extended Fund Facility in September 2024 that will remain in effect until October 24, 2027. The total agreed amount under this programme is $7.19 billion, of which $1 billion has been disbursed. The upcoming meeting will also hold the first review of this of May 2025, Pakistan ranks as the IMF's fifth-largest debtor. Only Argentina, Ukraine, Egypt, and Ecuador owe just the IMFPakistan's growing debt burden has been sourced from bilateral and multilateral lenders. While the IMF is a major contributor, it is far from the only one. According to the State Bank of Pakistan's annual report, the country receives substantial multilateral disbursements from global financial institutions, with the Asian Development Bank being the largest. Pakistan received $2.3 billion from the bank in FY23 and $1.3 billion in FY24. Pakistan's fiscal year runs from July 1 to June World Bank disbursed $2.1 billion in FY23 and $2.22 billion in FY24. Other institutions like the Asian Infrastructure Investment Bank and the Inter-American Development Bank also loaned money to Pakistan. Collectively, they disbursed $740 million in FY23 and $660 million in Watch
