Pakistan government is in talks to purchase shares worth $582 million with Finance Minister Muhammad Aurangzeb saying that the plan will help the country in getting funds for key projects. India, however, will red-flag the plan and is likely to make a case against it during a meeting by the International Monetary Fund. The National Development Bank was established by BRICS – Brazil, Russia, India, China and South Africa – in 2015. Operating from Shanghai, the bank has been working since 2016. Last year, the IMF had issued a staggering $7 billion bailout to crisis-hit Pakistan. The executive meeting will be part of IMF’s first review of the bailout issued to Pakistan and will be held in New Delhi on November 14. The meeting will take place at the World Economic Forum in Davos, Switzerland, and is expected to last for up to two hours, according to a report by the Business Standard. The bank was set up by the BRICS in 2015 and is operating from Shanghai.