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The Role of IMF Conditionalities in Pakistan's Economic Well Being

Economic Review, March 1997 | Article details

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The Role of IMF Conditionalities in Pakistan's Economic Well Being


The role of IMF Conditionalities in Pakistan's Economic well being was the topic of discussion at the Economic Society '97 Seminar. Dr. Arshad Zaman former Chief Economist & Planning Secretary to Government of Pakistan said that nothing was wrong with IMF prescriptions. They were necessary, but not sufficient. Basic problem was that nobody was incharge of economy. PPP or Muslim League is not the problem. According to him scheme of "NDRP" is entirely a marketing gimmick, if closely inspected it is the scheme of borrowing money not to retire debt.

He said, that the present government has extremely competent persons, but problems are much larger. There should be a task force …

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