Economics
After More Than 10 Tries, Pakistan Set to Complete IMF Program
- First time Pakistan would be completing an IMF program
- "Pakistan does not need the IMF anymore," Dar said in April
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Pakistan is two months away from finally completing an International Monetary Fund program its government signed up to after more than 10 previous failures.
Prime Minister Nawaz Sharif won the $6.6 billion loan to avert a balance-of-payments crisis soon after taking power in 2013, and has since seen the pace of economic growth increase while deficits shrink. In doing so, he’s resisted push-back as higher taxes sparked protests from opposition leaders, businessmen and ordinary citizens.