Updated May 5th 2025, 20:00 IST
New Delhi: India has asked Italy to review and cut financial help to Pakistan as New Delhi aggressively tries to corner Islamabad and attempts to stop inflow of funds which are re-routed in the country to fund terror activities.
According to reports, Union Finance Minister Nirmala Sitharaman asked her Italian counterpart Gincarlo Giorgetti to stop providing financial help to Pakistan on the sidelines of the 58th ADB annual meeting in Milan.
The Italian Development Cooperation is an essential UNDP partner for Pakistan’s some of Italy’s major initiatives and contributions are in Pakistan, according to United Nations Development Programme.
Finance Minister Nirmala Sitharaman is leading the Indian delegation for the 58th Annual Meeting of the Board of Governors of Asian Development Bank (ADB) taking place in Milan from May 4 to 7.
Not just Italy, India has also asked the Asian Development Bank to cut financial funding to Pakistan as Islamabad has a habit of using the money for terror acts against India.
Earlier, India asked IMF to review its bailout package to Pakistan and stop its funding.
Pakistan, whose economy is in doldrums, remains queued up in front of the International Monetary Fund (IMF) begging for bail out packages time and again. Pakistan's army and political establishment continues support to terror groups, operating from its soil, has brought the country on the verge of an economic collapse.
Amid such a terrible state of economic affairs, Pakistan and its Inter-Services Intelligence (ISI), has been backing terror groups like LeT, JeM who have time and again planned attacks in India, most recently in Jammu and Kashmir's Pahalgam which claimed the lives of 27 innocent Indian tourists.
Terrorists singled out and hand picked Hindus and shot them dead in front of their wife, children and parents.
Amid all this, India is preparing a strong retaliation to avenge the Pahalgam terror attack. Prime Minister Narendra Modi has been holding marathon meetings with NSA, Jaishankar, armed forces chiefs, top officials and ministers to chalk out a full proof strategy to teach Pakistan, terror perpetrators, and their backers a lesson they will never forget.
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Published May 5th 2025, 17:57 IST