Islamabad: As part of a three-year loan programme, the International Monetary Fund (IMF) has given nod to release around $506 million for Pakistan, the state media reported.
In a statement issued in Washington, the IMF said the tranche was released after the board completed the seventh review of Pakistan’s economic performance under Extended Fund Facility (EFF), an IMF lending facility to help members with balance of payments problems.
With the release of the latest tranche, the total amount so far disbursed to Pakistan comes to about $4.05 billion dollars. This will take the country’s foreign exchange reserves to $18.7 billion dollars, Radio Pakistan reported.
India has accused Pakistan of cynically exploiting the situation in Jammu and Kashmir at the General Assembly while it was discussing an important issue.
“Such cynical attempts have failed in the past and do not find any resonance in this body,” Sandeep Kumar Bayyapu, a First Secretary in India’s UN Mission, said on Monday.
He was replying to a reference to Kashmir made by Pakistan’s Permanent Representative Maleeha Lodhi during a debate on the Right to Protect People against crimes against humanity.
“While we are having this serious debate for the first time in a decade on an issue that is of importance to all of us, we have witnessed that one delegation has, yet again, misused this platform to make an unwarranted reference to the situation in the Indian state of Jammu and Kashmir,” Bayyapu said.
“I would like to place on record and reiterate that the state of Jammu and Kashmir is an integral and inalienable part of India. No amount of empty rhetoric from Pakistan will change this reality,” he added.
Lodhi had said that many of the victims of killings and “mass-blinding” are “in Indian-occupied Jammu and Kashmir” and that they “have the further indignity of living under an illegal and alien occupation”.
“Against this backdrop, calls for accountability would invariably smack of double standards and selectivity, especially when egregious crimes including killings and mass-blinding are being committed in full view of the international community,” she said.
However, Lodhi also said: “At its core, the responsibility to protect, is not a license to intervene in external situations, but, is instead, a universal principle of ‘non-indifference’, in keeping with historical context and cultural norms of respective settings.”