Will Pakistan always require the heavy hand of the IMF to boost its economy? The conditions of the multilateral lender are tough for the middle and lower classes, but seemingly fruitful for the political elites. Although the IMF bailout will help to stop the economy from going into default, this is a mere stopgap solution. What the government needs to do in order to ensure long-term progress is maintain political stability, support the IT sector, and enhance technical and skills-based education.
The time has come to stand side-by-side for the revival of the economy. Politicians are required to work for the larger interests of Pakistan rather than to vanquish rival political parties. The involvement of economists in decision-making will also be fruitful for the resurrection of the economy.
Muhammad Amjid Khan
Waziristan