Canada Global (Web News) The caretaker government took several steps to appease the IMF and eventually succeeded in appeasing the International Monetary Fund, but there is still a long way to go to maintain this appeasement.
The government is likely to need the IMF for the next three to four years, so immediate implementation of the IMF’s recommendations is essential. Increase in agricultural production due to climate, stabilization of crude oil prices, increase in remittances, crackdown on smuggling and illegal currency exchange and increase in taxes etc. As a result of the measures it was able to gain the confidence of the IMF.
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Negotiations between Pakistan and IMF have been successful, agreement has been reached
Due to these effective measures, the current account deficit has also been reduced to zero, the elimination of which will enable progress towards the recovery of the economy. However, to avoid future problems, it is important that the government implements the recommendations of the IMF. Act immediately and do not delay the implementation of the recommended measures, so that the process of economic recovery continues. And the country’s economy can get out of the clutches of depression.
