Published 15:09 IST, June 11th 2020
Embattled Pakistan PM Imran Khan jumps on month-old report, offers India 'help' amid COVID
Pakistan Prime Minister Imran Khan, on Thursday, offered to help India in mimicking his direct cash transfer, based on a report claiming 84% income decrease
Advertisement
Hailing Pakistan's 'successful' cash transfer program, Pakistan Prime Minister Imran Khan, on Thursday, offered to help India in mimicking his direct cash transfer, based on a report claiming that '84% Indian households suffered monthly income decrease'. Citing same report he claimed that '34% of all households won't survive a week without cash assistance'. study based on data from Centre for Monitoring Indian Ecomy (CMIE) was published on May 12 - a day before PM Modi anunced Rs 20 lakh crore 'Atmanirbhar Bharat' pack to kickstart Indian ecomy.
Advertisement
Imran Khan offers to 'help' India with cash-transfer
IMF's loan to Pakistan
While India has t requested funds to tide over COVID-19 crisis from International Monetary Fund (IMF), direct cash transfer 'hailed' by Khan is a bailout handed by IMF via a three-year loan requested by Khan. In April 2020, he IMF approved disbursement of $1.386 billion to Pakistan under Rapid Financing Instrument to address ecomic impact of Covid-19 shock. This aid was in addition to $6 billion loan provided by IMF to Khan in July 2019, with a $ 1 billion tranche immediately available.
Advertisement
Pakistan Army tightens its hold on Pakistan government
While Imran Khan is 'advising' India of handling its affairs, he himself is facing troubles back home as Pakistan Army generals have taken control of his government, ufficially. Reports state that more than a dozen former and current military officials are heading state-owned air carrier, power regulator and National Institute of Health, which leads Pakistan's pandemic response. Most of se appointments have happened in last two months, as Khan is reportedly witnessing a hit in popularity.
Advertisement
Recently, retired lieutenant general Asim Saleem Bajwa was appointed as Khan's communication advisor to ook after implementation of about $60 billion in Pakistan investments as part of China's Belt-and-Road Initiative. Moreover, greater military involvement even has support of civilian government advisers such as Zaigham Rizvi, a member of Naya Pakistan Housing Program taskforce, as per reports. A recent poll survey in Pakistan has shown that Khan will require Army support to keep his government afloat as his party holds 46% of seats in parliament while relying on several smaller coalition partners too.
Pakistan's COVID-19 crisis
On Tuesday, Pakistan, for first time recorded more than 100 deaths in a single day due to COVID-19 which has infected over 108,000 people in country. It also showed that at least 35,018 patients have fully recovered from virus and 2,172 fatalities. Citing COVID-19 crisis, World Bank estimates on Wednesday revealed that Pakistan's ecomy is likely to go into red zone this fiscal year, with a recovery t likely by next year too.
Advertisement
15:09 IST, June 11th 2020