Efforts of the government for the revival of the economy are finally coming to fruition. The upgradation of Pakistan’s credit rating by Moody & Fitch was its endorsement. This positive development is further complemented by the completion of a $3 billion loan programme in April and the likely approval of the long-awaited IMF’s $7 billion Extended Fund Facility (EFF). IMF’s spokesperson, Julie Kozack, said that an executive board meeting is scheduled to take place on September 25 to discuss a $7 billion loan deal agreed with Pakistan.

In the current economic landscape, the IMF package was the only way forward to steer the country out of the economic quagmire. With the approval of the IMF package, the Pakistan government needs to persuade friendly countries to invest in Pakistan. The economic........

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