IMF Programme Terminated---Good or Bad?

Another potential threat to the economy of Pakistan by Zardari's administration as the next general election are being awaited for! They, in the eyes of the common citizens, have done a good job by terminating the IMF programme of US$11.3b. Its  a burden on the economy, common citizens think. Let us discuss what actually is happening behind the scene.

Zardari and his administration have to make economic policies according to the IMF's reforms once they make any arrangements with the IMF.

They can't fill their pockets PROPERLY under the strict surveillance of the IMF. Although they have to adjust utilities and fuel prices according to IMF instructions, which in the eyes of a common citizen, is unacceptable and painful. But few people are aware of the fact that it binds these corrupt managers of Pakistan's economy in many areas and makes them utilize resources as they should be done! Unfortunately, despite these restrictions, still it turns out to be a pain for the economy of Pakistan and of course for the whole nation due to poor management of financial resources and high corruption.

This, as I think, is  just because of the next general elections in sight! They don't care how badly Pakistan's reputation can be impacted if Pakistan fails to make repayments to the IMF and IMF doesn't issue letter of comfort, which is very much possible in the current year!  They have filled their pockets and now just seeking towards their imaginary designations in the next elections. Why are they supposed to even think about when only 50% of the population is literate out of which 40% don't really understand what really is this all about!

Business community and importers are very much anxious about the expected worst foreign reserves condition in the coming coming days due to these steps  being taken by the government.

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