Bangladesh, March 18 -- Pakistan finds itself at a critical juncture, grappling with immense economic challenges amidst a fractured political landscape. The recent elections on February 8 failed to deliver the much-needed political stability, leaving the nation with a hung parliament and a daunting task of forming a viable government. As the clock ticks towards mid-April, when the current IMF bailout package is set to conclude, the urgency to address the countrys fragile external and liquidity position becomes even more pronounced.

Last summer, Pakistan narrowly skirted a default on its international payments with the aid of a nine-month, US$3 billion IMF bailout package. However, the looming deadline underscores the imperative for decis...