India Set To Red-Flag Pakistan’s Plans To Buy Stakes In BRICS’ National Development Bank: Report

India is poised to oppose Pakistan’s plans to acquire a stake in the New Development Bank (NDB), a multilateral lender established by the BRICS nations (Brazil, Russia, India, China, and South Africa) in 2015. Pakistan intends to purchase a 1.1% stake in the NDB for approximately $582 million, aiming to diversify its funding sources and reduce dependence on Western-backed institutions like the
India is poised to oppose Pakistan’s plans to acquire a stake in the New Development Bank (NDB), a multilateral lender established by the BRICS nations (Brazil, Russia, India, China, and South Africa) in 2015. Pakistan intends to purchase a 1.1% stake in the NDB for approximately $582 million, aiming to diversify its funding sources and reduce dependence on Western-backed institutions like the
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