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.
Keyword(s)
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