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The IMF surcharge is unfair

Pakistan is one of 14 countries adversely affected by the International Monetary Fund (IMF) loans which trigger surcharges that as per Stiglitz, a Nobel laureate, and Gallagher, Professor at Boston…

IMF returns

Finally and belatedly an IMF staff mission has arrived in Pakistan. This is after a gap of five months. The last time a mission was here was in November 2018.…

Back to IMF?

Within hours of PML-N government's exit upon completion of its five-year tenure, the Ministry of Finance, FBR and State Bank of Pakistan volunteered to make transparent the facts about the…

IMF’s projections for 2019-20

The first review report prepared by the IMF staff became available in late-December 2019. This followed the successful completion by Pakistan of this review. All the performance criteria were met.…

IMF and the stalled second tranche

Questions are being raised as to when the 6 billion dollar International Monetary Fund’s (IMF) Extended Fund Facility programme will resume, suspended post-March 2020 to enable the administration to deal…

Can Pakistan outgrow IMF?

The handful of decision makers in the Ministry of Finance maintain that Pakistan cannot possibly meet its debt obligations without the International Monetary Fund’s (IMF’s) 6 billion dollar thirtynine-month Extended…

Dealing with the IMF

Washington is a key reference in some hotly debated issues in Pakistan. The PTI government’s surrender-like agreement with the Washington-based IMF, has pushed Pakistan’s citizens into more misery. The agreement…

IMF prescriptions

As expected, the PTI government succeeded in passing both the Finance (Supplementary) Bill and the State Bank of Pakistan (Amendment) Bill 2021 from the National Assembly. The opposition made fiery…

IMF: rhetoric and reality

All the hullabaloo and rhetoric aside, it was never a question of ‘would?’ but of ‘when’. The Finance (Supplementary) Bill, 2021 – aka the mini-budget – recently rammed through the…

IMF: What was PM’s real mistake?

While addressing a select group of senior journalists in Islamabad on December 8, 2020, the Prime Minister made a stunning admission that not going to the IMF at the earliest…