Abstract
Pakistan seeks assistance of IMF every few years. Each incumbent government
assures that IMF program is necessary and it would revamp economic landscape
of the country. This study assesses the contextualization of IMF in Pakistan. For
this purpose, process of securing IMF program and aftermath of the program in
2019 are considered to draw implications. This study found that IMF always
brings strict conditionality to Pakistan, and Pakistani government passes on
financial difficulties to the people with high hopes. However, government fail to
implement structural changes to the fiscal system of the country, which results in
choking out of the system every few years. It was also noted that current
government and IMF program was no different in this regard, whereby
government has taken short term measures to increase revenue and there is no
long term vision to revamp fiscal structure of Pakistan, neither a long term export
revival policy is considered. This would lead to another IMF program in few years
under the watch of another government. There is a serious need to adopt long term
policies to deal with chronic fiscal and trade related issues of Pakistan.
Tahir Ijaz, Hafiz Zafar Ahmed, Abdul Majid Khan. (2019) Contextualization of IMF in Pakistan: A Discourse Analysis of Print Media, Journal of the Research Society of Pakistan, Volume 56, Issue 2.
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