Islamabad:

The International Monetary Fund (IMF) has turned a deaf ear to India’s demand to stop his loan program for Pakistan.

IMF-settling representative in Pakistan Esther Perez Ruiz managed in an informal conversation that the Fund’s Executive Board will continue with its agenda on May 9, and Pakistan’s request will also be considered at this meeting. “We can’t comment on concerns raised by other countries,” she said.

According to officials of the Ministry of Finance, the country is expected to receive a package of $ 2.3 billion from the IMF during the meeting. The meeting is also expected to approve a program of $ 1.3 billion resilience and sustainability facility (RSF) related to climate financing.

The funds are paid in installments over a 28-month period to help Pakistan tackle climate change. An agreement at staff level between Pakistan and the IMF was reached on March 25.

Previously stated media, quoting a foreign news agency that an Indian government official had called on the IMF to review his financial assistance to Pakistan. However, no further details of demand were given.

Meanwhile, Khurram Shehzad, adviser to the Finance Minister, told a foreign news agency that the IMF program is progressing in the right direction and the recent review has been completed.