Did BJP MP Nishikant Dubey Justify IMF Loan to Pakistan?

New Delhi, June 7 (NationPress) In response to the Congress party's claims that the Modi administration has succumbed to US influence during the IMF Executive Board meeting that sanctioned a loan for Pakistan, BJP MP Nishikant Dubey delivered a pointed counterargument, referencing historical funding patterns.

Dubey highlighted declassified documents indicating that in the aftermath of the Indo-Pak wars of 1965 and 1971, global financial institutions such as the World Bank, International Monetary Fund (IMF), and the Asian Development Bank (ADB) funneled substantial resources into Pakistan, purportedly to bolster its terrorism infrastructure.

“This is yet another ploy by the Congress party that has been thoroughly unmasked,” Dubey stated in a post on X on Saturday, adding, “Post the 1965 and 1971 conflicts, the Indian government had no alternative but to withdraw from discussions at the IMF, World Bank, and ADB regarding Pakistan’s loans, as the voting system rendered India powerless.”

He asserted that in the wake of those conflicts, billions of dollars were directed to Pakistan. “Since 1965, the USA, China, and Saudi Arabia have collectively provided about 100 billion dollars in military and economic assistance to Pakistan. Additionally, international financial institutions have contributed another 150 billion dollars in support,” Dubey claimed.

He accused the Congress of politicizing foreign policy for domestic gain. “If only the Congress party could transform its animosity towards Modi into a love for India. Now is the time to unite behind Prime Minister Modi to fortify our armed forces and reclaim territories in Kashmir currently under Pakistani control. Yet, Congress persists with its pro-Pakistan narrative,” Dubey argued.

On May 10, the IMF sanctioned a one billion dollar loan to Pakistan under the Extended Fund Facility after the successful completion of the initial program review. The Congress has since scrutinized India’s approach at the IMF Executive Board meeting, insinuating that the government failed to oppose the decision sufficiently.

Reiterating his criticism, Dubey also revisited the Indus Water Treaty, labeling it a significant error by Congress. “The Gandhi family has nourished Pakistan with both water and blood for the last 77 years,” he remarked. “Prime Minister Nehru not only ceded 80 percent of India’s water resources to Pakistan through the Indus Water Treaty but also provided them with the equivalent of Rs 14,000 crore (in current value) to construct dams and canals. This is the India that the Gandhi family has fostered — an India that has suffered while Pakistan has thrived,” he concluded.