New Delhi, June 4 -- India has vehemently opposed any Asian Development Bank financing support to Pakistan, raising serious concerns about potential misuse of development funds for military expenditure and questioning Pakistan's commitment to economic reforms.

According to sources, India expressed deep reservations to the ADB about Pakistan's deteriorating fiscal performance, declining tax collection, and suspected diversion of international development funds toward defence spending rather than development priorities.

India highlighted Pakistan's alarming fiscal trends as evidence of misplaced priorities. Pakistan's tax collection as a share of GDP plummeted from 13.0% in FY2018 to just 9.2% in FY2023 - far below the Asia-Pacific averag...