The global lender’s dire straits have forced the government to succumb to its temptations because of its past history of corruption, mismanagement, and mistrust among leaders. Political point scoring and profiteering have now brought the country to a point where securing a deal is no longer under the control of the government. Pakistan needs firm guarantees and support from friendly countries. On this front too, Pakistan now faces a perception of mistrust and suspicion, even from its friendly countries, which are now withdrawing their support from Islamabad.
Pakistan’s image getting spoiled in the world
There are clear signs of deteriorating image of Islamabad at the international level as well. Last-ditch talks to persuade Islamabad to revive the bailout program failed after Prime Minister Shehbaz Sharif sought IMF Managing Director Kristalina Georgieva’s support in securing the remaining tranches worth $2.5 billion. Even friendly countries like Turkey, China, Saudi Arabia and the United Arab Emirates (UAE) seem to be making changes.
Political unrest became the cause of destruction
Senior political analyst Adnan Showkat said, “One of the main reasons for the IMF’s neglect of Pakistan is the political unrest in the country.” The PDM government has not only failed to meet the demands of the IMF, but has also failed to stabilize the political situation. The IMF itself has mentioned this concern in its recent statement. Politically unstable country like Pakistan cannot be considered reliable. At least not in the eyes of the IMF. Over time, Islamabad’s failure to secure the IMF deal has now begun to reflect on the country’s image internationally.