India raised concerns over the efficacy of IMF programmes in the case of Pakistan and also on the possibility of misuse of debt financing funds for state-sponsored cross-border terrorism

India abstained from voting on the IMF's USD 1 billion loan to Pakistan, citing concerns over cross-border terrorism and governance issues. The decision highlights India's commitment to international norms and the perceived risks of supporting a country with a history of military interference in economic matters.

The Pakistan Stock Exchange (PSX) staged a strong comeback on Monday, driven by a “convergence of positive developments” including a ceasefire agreement between India and Pakistan, as well as the International Monetary Fund’s (IMF) approval of crucial funding. The benchmark KSE-100 Index surged over 10,000 points during the intra-day trading.