Pakistan took too many loans from IMF which actually was not needed

The subject of my research paper is "Pakistan has received too much financing from the International Monetary Fund, which is not really needed". Pakistan does not need any foreign financial assistance to cope with recession. In my article, I will first tell you what the International Monetary Fund is and what his role in the world is. Second, I will talk about the method and timing of Pakistan's loan from the International Monetary Fund, and the conditions set by the IMF authorities. Let's talk about Pakistan's situation with the initial structural adjustment plan.

Before that, I will explain the influence of the IMF on Pakistan's economy. First of all, we must understand IMF loans. In 1988 Pakistan became a member of the International Monetary Fund. So far, Pakistan has received 11 loans from the International Monetary Fund. In the era of Benazir Bhutto there were nearly six installments, two of which were acquired during the Nawaz Sharif era and two were acquired during the Musharaf period. According to the Poverty Reduction Strategy Paper (PRSP) issued by the International Monetary Fund in Pakistan, Pakistan has already paid a lot of money in the forefront war. In the past five years our direct and indirect costs have reached nearly 2 trillion rupees. As a Pakistani, we believe this is an American war rather than our war. This had an incredible impact on Pakistan's economy and people. Instead, in order to receive a loan from the International Monetary Fund, we should discuss how the parliament parties get together and remove the IMF loan. This will repay debt costs and reduce liabilities.

This time, Pakistan is developing a plan to find a $ 12 billion relief package from the International Monetary Fund. The country needs approximately $ 3 billion of direct funding to avoid loan defaults from the International Monetary Fund, China and the World Bank. The expanding trade deficit and decreasing foreign exchange reserves can only make it impossible for the new government to choose and open the door to the International Monetary Fund. Since the US, the largest donor to the International Monetary Fund, is used to repay the loans in China, we issued a warning to the Global Fund that the package should be "think twice before issuing."

Despite all these problems in the Pakistan economy, considering mandating that Pakistan is obliged to complete the contract terms promised when borrowed from the International Monetary Fund despite the problems associated with excessive debt I am still IMF. The International Monetary Fund helps the country to solve such problems, and debt is a real courageous move, but the problem is that the Pakistani people use places what they did in Pakistan. . Pakistan believes that the large amount of loans provided to Pakistan will be used for bad projects that do not provide the necessary profit to repay the loan, as well as the abuse of corrupted government. In most Pakistan, loans to non-development projects