A BRIEF HISTORY OF PAKISTAN’S RELATIONS WITH IMF: WHEN AND WHY DID PAKISTAN TAKE A LOAN?

Abstract

The primary factors that compelled Pakistan to regularly visit the International Monetary Fund were addressed in this study. Numerous problems, such as poverty, current account deficits, import and export inequalities, high inflation, and slow income development, have been found to have contributed to the country's IMF deal. These agreements were reached under strict terms that included raising taxes, cutting subsidies, cutting back on government spending, privatizing national businesses, liberalizing the national economy, and other things. According to estimates, Pakistan made 24 trips to the IMF to improve its balance of payments; the primary issue was figuring out why Islamabad kept depending on the IMF funding package. Nonetheless, this study is qualitative in nature and is based on publicly accessible data. Investigating the cause that led the nation to the IMF and providing an answer to the question of how Islamabad might withdraw from IMF funding programs are the primary goals of this study project.