June 14, 2024 07:43 am
The current fiscal year is but another year lost. Going by the new Pakistan Economic Survey, which maps the state of the economy for the outgoing fiscal year, the economy stabilized, so to speak, as crucial macro indicators perked up even if most budget targets would be missed. But the newfound ‘stability’, aided and funded by the IMF, remains fragile and reliant on yet another larger bailout from the Fund to sustain.