NEW DELHI: The Press Information Bureau (PIB) on Friday trolled the Pakistani government for "urging International partners" to loan Islamabad more funds in the wake of the "heavy losses inflicted by enemy".
"Govt of Pakistan appeals to International Partners for more loans after heavy losses inflected by enemy. Amid escalating war and stocks crash, we urge international partners to help de-escalate. Nation urged to remain steadfast," Economic Affairs Division, Government of Pakistan posted on X.
Using a snippet from the famous Bollywood movie 'Golmaal', the fact-check unit of the government mocked Pakistan.
"Yeh koi tareeka hai bheek maangne ka? (Is this the way to beg?)" the post read.
However, Islamabad later claimed that the account was hacked and that the Pakistani government did not urged for more loans amid the ongoing tensions.
ALSO READ: Pakistan appeals for loans citing 'heavy losses', later says X account hacked
A sustained escalation in tension with India could hurt Pakistan's growth, impact its fiscal consolidation and macroeconomic stability, Moody's Rating warned on Monday.
In contrast, it does not expect a significant impact on India, apart from higher defence spending weighing on govt's fiscal consolidation plan. Pakistan was on the brink of bankruptcy until the International Monetary Fund bailed it out once again, provided it met several conditions. Its credit rating, Caa2+ according to Moody's, is speculative grade, signalling its weak fundamentals.
"Pakistan's macroeconomic conditions have been improving, with growth gradually rising, inflation declining and foreign-exchange reserves increasing, amid continued progress in the IMF programme. A persistent increase in tensions could also impair Pakistan's access to external financing and pressure its foreign-exchange reserves, which remain well below what is required to meet its external debt payment needs for the next few years," Moody's said.
"Govt of Pakistan appeals to International Partners for more loans after heavy losses inflected by enemy. Amid escalating war and stocks crash, we urge international partners to help de-escalate. Nation urged to remain steadfast," Economic Affairs Division, Government of Pakistan posted on X.
Using a snippet from the famous Bollywood movie 'Golmaal', the fact-check unit of the government mocked Pakistan.
"Yeh koi tareeka hai bheek maangne ka? (Is this the way to beg?)" the post read.
However, Islamabad later claimed that the account was hacked and that the Pakistani government did not urged for more loans amid the ongoing tensions.
ALSO READ: Pakistan appeals for loans citing 'heavy losses', later says X account hacked
A sustained escalation in tension with India could hurt Pakistan's growth, impact its fiscal consolidation and macroeconomic stability, Moody's Rating warned on Monday.
In contrast, it does not expect a significant impact on India, apart from higher defence spending weighing on govt's fiscal consolidation plan. Pakistan was on the brink of bankruptcy until the International Monetary Fund bailed it out once again, provided it met several conditions. Its credit rating, Caa2+ according to Moody's, is speculative grade, signalling its weak fundamentals.
"Pakistan's macroeconomic conditions have been improving, with growth gradually rising, inflation declining and foreign-exchange reserves increasing, amid continued progress in the IMF programme. A persistent increase in tensions could also impair Pakistan's access to external financing and pressure its foreign-exchange reserves, which remain well below what is required to meet its external debt payment needs for the next few years," Moody's said.
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