https://www.taxtmi.com/news?id=45661 India opposed the ADB's sovereign financing programme for Pakistan on grounds that funds could be misused for defence expenditure given Pakistan's declining tax-to-GDP ratio and lack of macroeconomic reforms. India urged the ADB to ring-fence financing and adopt strict safeguards, citing entrenched military interference in economic affairs, cross-border terrorism that worsens regional security, and resultant credit and enterprise risks to the lender. en-us Wed, 04 Jun 2025 16:16:03 +0530 Wed, 04 Jun 2025 16:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=45661 India opposed the ADB's sovereign financing programme for Pakistan on grounds that funds could be misused for defence expenditure given Pakistan's declining tax-to-GDP ratio and lack of macroeconomic reforms. India urged the ADB to ring-fence financing and adopt strict safeguards, citing entrenched military interference in economic affairs, cross-border terrorism that worsens regional security, and resultant credit and enterprise risks to the lender. News - Wed, 04 Jun 2025 16:16:03 +0530 https://www.taxtmi.com/news?id=45661