India, May 23 -- The International Monetary Fund (IMF) has justified its $1 billion bailout to Pakistan, despite recent objections from India. According to the official statement issued by the IMF, Pakistan has "met all the required targets" to receive the latest loan instalment.

This latest bailout to Pakistan comes as part of the support package extended to the debt-ridden country. Under the Extended Fund Facility programme, which was approved in September 2024, Pakistan has received around $2.1 billion.

Speaking at a press briefing, IMF's director of the communications department, Julie Kozack justified the loan to Pakistan and stated that the country has met all its targets.

"Our Board found that Pakistan had indeed met all of the ...