00:00We are learning that the government of India is all set to take up with the World Bank on their
00:04funding to Pakistan which is set to happen in June 2025. More information coming in of how
00:10the government will raise this with FATF to put Pakistan in the grey list. World Bank is expected
00:17to approve a 20 billion dollar lending package to Pakistan in June and the government of India
00:23that is strongly going to oppose this asking FATF to put Pakistan in the grey list again.
00:28Karishma Asudani correspondent joining us with further details on what the approach could be
00:36Karishma because Pakistan cannot be trusted and the entire world is watching that. We've seen how
00:43IMF came to its rescue recently. Now they have been on the grey list of FATF even in the past
00:49and government of India is going to push for it but what do they possibly need such huge aids for
00:55funding terror or for the betterment of their people is the biggest question that India is posing.
01:01See it's very important for us to understand that all this happening in the aftermath of conflict
01:09has a bigger agenda, a bigger motive and while India's stance has been clear that India is not
01:15again providing funds, that funds being provided to countries, to developing countries who are in
01:21need of urgent fiscal support but at the time of situation of conflict of war where the agenda
01:27seems more prone towards across border terrorism, India has taken its stance sternly and firmly.
01:33Now the government of India and World Bank in June is also going to take up with World Bank
01:38its upcoming funding of close to 20 billion dollars to Pakistan. India is clear of this that despite the
01:46fact that IMF had went ahead with its decision and while it's not IMF's voluntary decision it's really
01:52how the majority of votes work on the board of IMF which had close to about 24 executive directors
02:00countries representing with EU and US holding the majority of shares. So while IMF funding was
02:06something that did not come in as a pleasant acceptance for India, India is now clear that they are going to
02:14help to stop the support of the capital of the party. In fact, sources have shared with us that India had
02:25shared with IMF well before their vote meeting which was on May 9th, also shared with the executive director
02:31of IMF and also shared with the counterparts of IMF that India's need and India's ask is not just because of the
02:40conflict but also because of the history that Pakistan carries. Out of the 28 bailout packages
02:47that have been given to Pakistan by IMF, it has been proved that each bailout package has only contributed
02:53to Pakistan actually increasing their arms and ammunition which is against the structural reforms
03:01that IMF lives. So we are clear, we are going ahead, we are still on our agenda that we are not going to
03:06let any cross-border terrorism requests and support be taken up at international level and
03:14sources are telling us that India is firm on its point of view and India is willing to stand on its own.
03:20All right, Karishma, I want to thank you for these latest details. Of course,
03:23we continue to track the story very closely.
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