The PTI government penned an IMF deal in 2019 for a $6 billion economic stimulus package under its Extended Fund Facility. The programme was stalled in 2020 after Pakistan failed to meet the IMF’s conditions. Once the country meets the IMF’s conditions, it is hoped that it will unlock other external funding options as well. The IMF’s policies are largely directed at economic stabilisation, but at the expense of the middle class and the poor. If nothing concrete takes us out of the current economic crisis, then the future might be even grimmer.

Source: The Nation June 22, 2022 05:28 UTC