The IMF has been pivotal in Pakistan’s economic management, providing crucial financial assistance during times of economic turmoil. This support focuses on stabilizing foreign reserves and managing fiscal deficits, which are essential for ensuring the country meets its international payment obligations. However, the IMF’s involvement often necessitates stringent conditions. While these measures are intended to foster fiscal discipline and macroeconomic stability, they have drawn criticism for their impact on ordinary citizens.
For instance, reducing subsidies and increasing taxes can disproportionately burden lower and middle-income groups, exacerbating socio economic inequalities. Despite its short-term benefits in stabilizing the economy, questions linger about the long-term effectiveness of IMF interventions. Balancing immediate stabilization with equitable development remains a significant challenge.
Adeeba Afzal
Lahore
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