Path to Self-Reliance: Moving Beyond IMF Dependency

1. Loans offer short-term relief only
   IMF support prevents collapse but doesn’t fix core issues.
2. Harsh conditions hit the poor
   Austerity leads to inflation and public suffering.
3. Debt weakens national control
   Dependency limits independent economic decisions.
4. Reforms are delayed or failed
   State-owned firms and tax systems remain unreformed.
5. Self-reliance needs real action
   Improve tax collection, boost exports, cut imports, and invest in local industry.

Summary:
Pakistan’s IMF dependence gives short-term breathing space but deepens long-term economic vulnerability. Harsh loan conditions strain the poor, while overdue reforms keep the country stuck. True stability requires serious steps: digitized taxation, industrial growth, and better governance. Only then can Pakistan escape this debt cycle and build a resilient, self-sufficient economy.

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https://dailytimes.com.pk/1281033/imf-loans-short-term-relief-or-long-term-economic-trap/