forget past ..... see where china was for your imf loan and see who supported you
India-backed IMF's bailout package for Pakistan but...
By: Javed Mahmood | Published: February 16, 2009
It seems unbelievable and unimaginable for Pakistanis but it is on record and fact that India has vehemently supported Pakistan at the meeting of the International Monetary Fund in which the fund approved 7.60 billion dollars bail-out package for this country.
During meeting, held in November 2008 in Washington to review package for Pakistan, India was the first country to support the approval of Stand-by Facility for Pakistan.
After India, the representatives of Indonesia and another country also backed Pakistan’s request for approval of IMF loan programme.
However, the representatives of the most trusted and friendly countries of Pakistan like Saudi Arabia, China and UAE kept their mum and did not bother to utter a single word in favour of Pakistan or the approval of loan.
Finance Ministry officials told this writer that the silence of the representatives of Pakistan’s friendly countries was shocking for the Pakistani team and the participants of the IMF meeting.
“We were expecting some crucial support from Saudi Arabia, China and UAE at the IMF meeting, but their representatives did not speak anything, neither in favour nor against Pakistan,” an official said.
The official of the Ministry of Finance disclosed this when this scribe asked him as to what kind of support the Pakistan government was getting from Saudi Arabia, China and other friendly countries to stabilise the economy and to avert economic crisis.
A few weeks ago the local newspapers and electronic media flashed the statement of a senior Saudi Government official during his visit to Pakistan in which he said Saudi Arabia was ready to provide whatever financial/economic assistance was required by Pakistan.
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