The news regarding the revival of the IMF programme has created a stir in Pakistan’s market. The rupee depreciated by Rs1.52. The rupee decline highlights the fact that businesses in the country are not excited about Pakistan’s decision to go back to the IMF. It is a matter of satisfaction that the economy has been performing well for the last few months. The government must conserve as much dollars as possible by limiting the import of luxury and non-essential consumer goods that are eating away our precious foreign reserves.
We must not throw away our borrowed dollars to satiate the appetite of the affluent class. Also, the government must provide additional incentives and concessions to industries to strengthen the country’s exports. The current challenge offers a window of opportunity to reset the economy and not be dependent on the IMF.
Erum A Baig
Karachi
Pakistan is expected to receive yet another loan package from the IMF. The IMF presents itself as an organization that...
Street crimes, vehicle and mobile snatching and target killing have become the norm in Karachi. According to security...
The FPSC has released the list of candidates recommended for appointment to the post of Executive Engineer , MES,...
While Karachi University is a hub of learning, it grapples with significant infrastructural challenges, notably in...
Following the visit by an IMF team last month, Pakistan was granted another $1.1 billion under the country’s...
Students and skilled individuals are vital assets for any country. Facilitating and retaining students and skilled...
