Indeed, it is heartening to note that the country is poised to sign a preliminary deal on a review of its loan programme with the International Monetary Fund (IMF) this week. That the country’s finance minister Muhammad Aurangzeb is highly optimistic about the signing of such deal is a fact. Aurangzeb, who is currently in the US, perhaps derives his satisfaction or optimism from a discernable improvement in the country’s economic indicators.
Be that as it may, the government is required to continue to pursue the economic reform agenda diligently or religiously, given the fact that only meaningful economic reforms can put the country on high growth trajectory by promoting both macroeconomic stability and export-led growth.
Moreover, efforts must be made to ensure political stability in the country as well. Needless to say, there is a strong relationship between economic growth and political stability. In other words, higher political stability promotes economic growth. Hence the need for greater political stability in Pakistan.
Naseem Furqan Ali (Karachi)
Copyright Business Recorder, 2025
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