X@FinMinIndia
Nirmala Sitharaman met ADB President Masato Kanda during the 58th annual meeting of ADB in Milan city of Italy. After the terrorist attack on tourists in Pahaltam, Jammu and Kashmir on 22 April, India rapidly reduced diplomatic relations with Pakistan, killing 26 people and injured many others, most of whom were tourists.
India has demanded from the Asian Development Bank to cut the funds to Pakistan, as New Delhi has continued punitive action against Islamabad after the Pahalgam terror attack. Sources said that Finance Minister Nirmala Sitharaman demanded in a meeting with Asian Development Bank President Masato Kanda on Monday that the bank should cut its funds to Pakistan. According to sources, the demand for deduction in funds to Pakistan was one of other issues in the agenda of the meeting.
Nirmala Sitharaman met ADB President Masato Kanda during the 58th annual meeting of ADB in Milan city of Italy. After the terrorist attack on tourists in Pahaltam, Jammu and Kashmir on 22 April, India rapidly reduced diplomatic relations with Pakistan, killing 26 people and injured many others, most of whom were tourists. India suspended the Indus Water Treaty of 1960, which would severely reduce Pakistan's water supply over time.
In addition, sources told ANI that India would also contact the FATF (Financial Action Work Force) to include Pakistan in the gray list. The Finance Ministry today said in a post on X that the Finance Minister reiterated that India focuses on private sector -led economic growth and insolvency and insolvency for ease of trade, insolvency and insolvency codes, reduction in corporate tax rate and GST implementation, production related to production, national infrastructure pipeline, activity pipeline, activity and startup India through adventurous ethics and registrary initiatives through courage Is building
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