Pakistan, Oct. 10 -- Pakistan has long faced economic challenges marked by fiscal mismanagement, political instability, and an ongoing balance of payments crisis. Over the years, the International Monetary Fund (IMF) has repeatedly stepped in to offer bailouts to prevent Pakistan from defaulting on its debt obligations. In recent times, the negotiations between Pakistan and the IMF have taken centre stage due to the gravity of Pakistan's economic woes and the impact of the conditions imposed by the IMF on the country's future. However, what began as assistance has now turned into an economic coup.

In June 2023, Pakistan secured a $3 billion short-term Stand-By Agreement (SBA) with the IMF to stabilize its faltering economy. According to ...