Pakistan’s IMF Trap: The Long Road to Economic Independence By Muhammad Mohsin Iqbal Pakistan’s recurring dependence on the International Monetary Fund (IMF) has become an enduring feature of its economic history. Every new programme brings temporary relief, helps restore confidence in the country’s ability to meet its external obligations and offers another opportunity to place the economy on a sustainable path. Yet, as one agreement follows another, a fundamental question remains unanswered; why has Pakistan repeatedly needed external assistance to finance its needs and stabilise its economy? The problem extends…
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