Finance Minister Muhammad Aurangzeb's attempt to reframe the IMF's damning corruption and governance report as a "catalyst" rather than "criticism" is, at best, a half-truth and, at worst, a dangerous misdiagnosis. When a lender of last resort is compelled to table a detailed audit of institutional weaknesses, it is not offering polite advice; it is ringing the alarm bell on a system that has long been held hostage by elite capture and unchecked patronage.

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