Approaching the IMF
October 11, 2018
Going to the IMF is an easy option which doesn’t involve much effort. After coming into power in 2008, the PPP government approached the Fund. However, the economy deteriorated to a dangerously low level. After the 2013 elections, the PML-N sought the IMF’s assistance. But it couldn’t achieve the desired result. Now, the PTI government is taking the same route and asking the IMF for the bailout package instead of carrying out structural reforms.
None of these governments has considered home-grown solutions to tackle the economic crisis. With all the talks about austerity, there is no reason why the imports of luxury and non-essential goods – that are consuming a sizeable portion of our forex reserves – cannot be curbed.
Shoaib Arif
Karachi
-
Hailee Steinfeld Spills Her 'no-phone' Rule With Husband Josh Allen -
Bowen Yang Gets Honest About Post SNL Life: 'It’s An Adjustment' -
Charlize Theron Delivers Strong Message At 2026 Winter Olympics Opening Ceremony -
Lil Jon Reacts To Son Nathan Smith's Death: 'Devastated' -
Bianca Censori Reveals Where She And Kanye West Stand On Having Children Together -
Taylor Swift Hypes Olympic Athletes In Surprise Video Message -
Timothy Busfield Charged With Four Counts Of Child Sexual Abuse -
Amy Schumer Explains Why Her Sudden Photo Surge Is ‘not A Cry For Help’ -
Kanye West First Contacted Bianca Censori While In Marriage To Kim Kardashian? -
Travis Kelce Reveals What His Nieces Really Do When He, Taylor Swift Visit -
Lola Young Makes Career Announcement After Stepping Back From Touring -
Priyanka Chopra Shares Heartfelt Message For Nick Jonas -
Spotify, Major Labels File $13b Lawsuit Over Alleged Music Scraping -
Travis Kelce Opens Up About Being Backup Plan For His Nieces -
Winter Olympics 2026: Chinese Robot Dance Goes Viral In Milan -
Jessica Biel Urged To Divorce Justin Timberlake?