Pakistan secured IMF bailout package with the help of US in exchange of secret weapon deal for Ukraine. Pakistan did not get loan from IMF just like that, had to make a secret deal with America to give weapons to Ukraine!
All work was done secretly
Website The Interceptor has given this information quoting sources confirming the government documents of Pakistan and America. The website says that this shows how much pressure Pakistan had to face from America. The website says that this also shows how the elite class related to politics and finance works secretly. The public never gets to know anything about this. Some harsh conditions have been laid down in the bailout package received from the IMF, due to which a period of protests has started in the country.
IMF loan helped a lot
The website says that ever since Imran Khan left power, Pakistan has emerged as an ally of America in the Ukraine war. Before leaving, Imran had expressed his displeasure to the diplomats in the Foreign Ministry over Pakistan’s aggressive neutral stance in the Ukraine war. Since his departure, Ukraine has become a supporter of Pakistan, America and its allies in the war. Its help is now being repaid in the form of an IMF loan. An emergency loan to Pakistan from the IMF allowed the new Pakistani government to avoid economic collapse and postpone elections indefinitely.
How was the agreement reached?
Pakistan is known as the production center of basic weapons required for the Ukraine war. Ukraine suffers from chronic shortages of munitions and hardware. In such a situation, information about the use of shells and other weapons made in Pakistan by the Ukrainian Army has come to light several times. However, neither America nor Pakistan has ever accepted this report. According to some documents that have been leaked, there was an agreement on the sale of arms between America and Pakistan from the year 2022 to February 2023.
Secret meeting in America
On May 23, 2023, Pakistani Ambassador to the US Masood Khan had a meeting with Donald Lu, Assistant Secretary of State at the US State Department. In this meeting it was told how the sale of Pakistani arms to Ukraine could enhance its financial position in the eyes of the IMF. The aim of the meeting was to give complete information about the arrangements before the meeting to be held in Islamabad in the next few days between US Ambassador to Pakistan Donald Blom and the then Finance Minister Ishaq Dar.
Lu told Khan in the May 23 meeting that the US had approved payment for Pakistani arms production. He would quietly tell the IMF about the program. Lu acknowledged that the Government of Pakistan accepts that the arms contribution is worth $900 million. This will help in closing the remaining gap in the required financial assistance from the IMF which was about two billion dollars.
This post originally appeared on navbharattimes.indiatimes.com