The International Monetary Fund executive board approved on Friday a fresh $1.4 billion loan to Pakistan under its climate resilience fund and approved the first review of its $7 billion program, freeing about $1 billion in cash.

India chose to abstain from the vote, expressing deep concerns over the move. The Indian government conveyed strong reservations, raising doubts over Pakistans track record of utilising such aid appropriately.

J&K CM Omar Abdullah questioned the IMF's decision to fund Pakistan amid cross-border attacks, while India warned of misuse for terrorism and abstained from the vote