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of <h1>India Challenges ADB Loan to Pakistan, Warns of Potential Misuse of Funds for Military Spending</h1> India strongly objected to the Asian Development Bank's USD 800 million loan to Pakistan, arguing the funds could be misused for military expenditure. The government raised concerns about Pakistan's declining tax-to-GDP ratio, lack of economic reforms, and potential military interference. India expects ADB to prevent misuse of the loan and highlighted the risks associated with Pakistan's economic fragility and cross-border terrorism policy.
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