Pakistan's ongoing International Monetary Fund (IMF) programme, while providing much-needed financial assistance, has sparked debates about the country's economic future. Critics argue that the program's stringent conditions can hinder economic growth and perpetuate dependence on foreign aid. However, others contend that the IMF programme offers a valuable opportunity for Pakistan to implement structural reforms and achieve long-term economic stability. To break free from its reliance on IMF programmes, Pakistan must implement a comprehensive strategy that addresses the root causes of its economic vulnerabilities.
This includes structural reforms, economic diversification, export promotion, energy sector reforms, and social safety nets. It is also important to note that achieving self-sufficiency is a long-term process that requires sustained effort and commitment. It will not be easy, and there will be challenges along the way. But by adopting a comprehensive and integrated approach, Pakistan can overcome these challenges and build a brighter future for its people.
Majid Burfat
Karachi
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