India Asks IMF To Reconsider $1 Bn Loan To Pakistan

Defence minister Rajnath Singh on Friday said the International Monetary Fund (IMF) should reconsider a $1 billion loan to Pakistan, alleging Islamabad was "funding terror."

- AFP

India and Pakistan last week clashed in the worst military violence in decades, killing around 70 people before agreeing a ceasefire that began on Saturday.

The confrontations were sparked by an attack on tourists by gunmen in Kashmir last month that New Delhi accused Islamabad of backing—a charge it denies.

"I believe a big portion of the $1 billion coming from IMF will be used for funding terror infrastructure," Singh told troops at an air force base in western India.