Why Pakistan cannot depend on IMF support indefinitely |
Pakistan repeated reliance on the International Monetary Fund has reignited debate over the country’s long-term economic direction, with analysts warning that stabilisation programmes alone cannot deliver sustainable growth. While IMF support has helped avert financial crises, critics argue that continued dependence reflects deeper structural and policy failures.
Economists note that IMF programmes are designed to restore short-term macroeconomic stability through fiscal discipline, higher revenues and reduced deficits. These measures often involve higher taxes, costlier utilities and........