Fiscal sense

The IMF appears to be pushing the government towards raising taxes and utilities rates and cutting expenses in order for the country to be able to pay back its loans in time. However, doing so is making life more difficult for the people while also reducing the chances of foreign investment in the country and building up export industries.

If the IMF asks Pakistan to prohibit the import of tea and coffee, it would potentially save the country billions of dollars. The money thus saved can be used towards paying back outstanding loans.

Imtiaz Akhter

Rawalpindi