India

Pakistan Embarassed Once Again on International Platform

Monali Gupta

Pakistan has once again been embarrassed on the international stage. Indeed, the Asian Development Bank has not announced the loan to Pakistan so far, but a Pakistani official announced about the loan sanction.

The Asian Development Bank (ADB) has separated itself from the announcement of Pakistan, which has said it has sanctioned a loan of $ 3.4 billion from this institution. In this incident which created an embarrassment for Pakistan, the bank said that the issue is still on the issue and in this regard, a consultant of Prime Minister Imran Khan has announced the announcement before the matter is confirmed.

Pakistan, who is facing a cash crisis, is seeking to get out of the growing crisis of crisis, instead of helping to get rid of debt. This comment has been received from ADB on one day of announcement of Pakistan Prime Minister Imran Khan's Finance Affairs Advisor Abdul Hafiz Sheikh and Planning, Development and Reform Minister Khusro Bakhtiar.

Sheikh and Bakhtiar had announced that Pakistan would get a loan of $ 3.4 billion for budgetary support. Out of which 2.1 billion dollars will be released in a year. ADB has confirmed in his statement the discussions with the Pakistani government on meetings and loans.

Pakistan's Dawn News said on Monday, ADB's Country Director for Pakistan, Chihhong Yang, "The discussion is going on about the debt. Along with the size (amount) of ADB financial support, the details of the scheme will depend on the ADB's management and the approval of its board of directors.

ADB said that the bank can help Pakistan in economic reforms. The statement said that ADB is happy with the progress of ongoing dialogue with the Pakistan government on these issues. Sources said that 'ADB management is confused with the previous announcement about the loan program from the Pakistan government.'

Earlier, the Prime Minister of Pakistan, Imran Khan, was seen sitting on his chair while the President was present during the conference of Bishkek

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