They should know that it is not the end, it is not even the beginning of the end but as Churchill once said it is just the end of the beginning. The list of preconditions handed over by an IMF team to Finance Minister Miftah Ismail for the next loan tranche requires continuous belt-tightening, starting with the upcoming budget. More IMF preconditions will be pushed through the Finance Bill such as producing a primary budget surplus instead of a deficit, increasing tax rate, etc. There will be many political, economic and social repercussions and trickle-down effects of these decisions, which will come with a lag and will be felt for months, if not years, to come. THE WRITER ISA FINANCIAL MARKET ENTHUSIAST AND IS ATTACHED TO PAKISTAN’S STOCKS, COMMODITIES AND EMERGING TECHNOLOGY

Source: The Express Tribune June 06, 2022 12:38 UTC