Pakistan has seen its best days and worst days during its nearly 7 decades of inception. During the days of
crises, many institutions and countries helped it stand up again; one of the rescuers was the International
Monetary Policy (IMF). But the main question arises that was it a blessing or just another crisis in disguise? If
IMF helped Pakistan, so what did they get in return? This report answers, further, the following questions:
Khans era. Four more SBAs worth USD 330 Million were granted to Pakistan during General Yahya Khans
regime who replaced Ayub Khan.
A total of 12 programs have been received by Pakistan. Some of them are as under:
The IMF has agreed to lend Pakistan an amount of USD 5.3 Billion (originally asked for USD 7.2 Billion)
under the Extended Fund Facility (EFF) over the next three years to boost Pakistans FX reserves and to help
the economy.
An IMF loan will likely involve Pakistan in a long process of committing to reforms, broaden its narrow tax
base and slash subsidies in particular. The 3 year loan will be available with a 3 percent floating interest rate and
will be considered by the IMF board in early September.
According to desired situation, huge amount of loans from IMF should have stabilized the Pakistan economy
and balance of payment deficit by now but the condition of Pakistan economy and exchange rates are not even
close of getting stabilized.