Washington DC: USINPAC continues to call for no or delayed IMF funding to Pakistan, and commends U.S. lawmakers for hearing and expressing the same concerns.
Pakistan has received some 13 IMF bailout packages already, and many reports suggest that Pakistan has received financial aid packages this fiscal year that total over 9.1 billion U.S. dollars. But Pakistan still remains a safe haven for state-sponsored terrorism.
On February 14, 2019, more than 40 Indian paramilitary officers lost their lives when Jaish-e-Mohammed (JeM), a Pakistan-based and supported terrorist organization, carried out a terrorist attack in Pulwama. The attack happened due to cover provided by JeM by Pakistan. Pakistan has not been held accountable.
Pakistan is also not transparent when it comes to using IMF funds to pay off Chinese loans. In fact, Pakistan is even reluctant to share details of those loans. U.S. Secretary of State Mike Pompeo said he would be watching what the IMF does when it comes to using American dollars to bailout Pakistan’s bondholders. The U.S. Treasury has not been as vocal.
U.S. lawmakers, including Chairman Brad Sherman of the House Foreign Affairs Subcommittee on Asia and the Pacific, Congressmen Ami Bera, Ted Yoho, and George Holding, are speaking out. They have expressed deep concern over Pakistan using an IMF bailout package for unintended purposes.
USINPAC remains in support of aid for education, economic development, women’s empowerment but stands firmly against state-sponsored terrorism.
About USINPAC:
USINPAC is a bi-partisan organization the voice of over 3.2 million Indian Americans. We connect our members to candidates of their choice. During the 2020 election cycle, we will be hosting events across the country to make sure Indian Americans are heard. If you would like to be part of this historic effort and bring about outcomes that matter, sign up for our email updates and get involved today at www.usinpac.com