Pakistan, May 9 -- In a significant development, India has suffered a major setback as the International Monetary Fund (IMF) Executive Board has approved the release of a loan installment for Pakistan. This move comes after the IMF approved a $1.3 billion additional funding program for Pakistan, which includes financial assistance for climate change mitigation efforts.

Earlier, an official from the Indian government had demanded that the IMF reassess the financial aid given to Pakistan. However, today's approval of the loan installment by the IMF has resulted in India's failure to influence this decision, adding another defeat for the country on the global stage.

Pakistan's financial stability was bolstered by this approval, as the IMF ...