The IMF's Invisible Hand: Who Really Pays the Price?Published on: June 13, 2026 7:56 AM
Pakistan, June 13 -- Every few years, Pakistan finds itself at a familiar crossroads. Faced with mounting debt, shrinking foreign exchange reserves, and widening fiscal deficits, the country turns once again to the International Monetary Fund (IMF) for assistance. The cycle has become so routine that it scarcely surprises anyone anymore. Governments change, finance ministers come and go, but one constant remains: economic prescriptions shaped by IMF conditions. For policymakers, IMF programs are presented as unavoidable necessities. For investors, they signal discipline and stability. For international lenders, they represent a framework for reform. Yet for the common Pakistani, IMF-backed policies evoke a very different sentiment. They a...
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