The Pakistani Government denies X post requesting loans; says it is fake
Pakistan has asked for loans from foreign partners after receiving large debts. This follows India's response to Pakistan's airstrikes and destruction of Lahore's air defence system.
New Delhi (India) May 9: Pakistan's Ministry of Economic Affairs asked for further loans from foreign partners amid rising tensions between India and Pakistan, stating significant losses and a stock market breakdown. Additionally, the ministry called on foreign partners to help in preventing the crisis.
The ministry posted that“Govt of Pakistan appeals to International Partners for more loans after heavy losses inflicted by enemy. Amid escalating war and stocks crash, we urge international partners to help de-escalate," on social media platform X.
This follows India's reaction against Pakistan's attacks yesterday. Pakistan violated the cease-fire and started firing in Poonch, killing 13 people and injured nearly 40 others. India stated on Thursday that it had "neutralised" Pakistan's air defence system in Lahore.
Pakistan responded to the post, which looked for for further loans from the world community after suffering losses as a result of India's Operation Sindoor, as "fake" after claiming that its Economic Affairs Division account on the social networking site X was hacked.
A photo of the message was posted on X by Pakistan's Ministry of Foreign Affairs Fact Checker, which also described it as "fake." Additionally, it stated that "The account was hacked."
Hours before a crucial meeting of the International Monetary Fund (IMF) board in Washington, where Pakistan's approaching loan package is being discussed, the now quashed Pakistani statements were made.
Today, May 9, is the day of the meeting for Pakistan's proposal for a new $1.3 billion loan under the IMF's Resilience and Sustainability Facility. It will determine if Pakistan satisfies the requirements to be eligible for the future financing round. Pakistan acknowledged "heavy losses" following India's Operation Sindoor amid the stock market drop before to the summit.
According to Foreign Secretary Misri, Pakistan's military intelligence activities, including those of organisations like Lashkar-e-Toiba (LeT) and Jaish-e-Mohammed (JeM), have been indirectly financed by IMF loans to Pakistan. He went on to say that because of its timeliness, it may also be used to support its continuous acts of cross-border terrorism, especially against India.
Aadrika Tayal
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