We Don’t Need the IMF. We Need Discipline.
Pakistan has gone to the IMF twenty-four times. That number alone should force us to pause. It tells us that our problem is not the IMF, nor the global economy, nor some recurring external shock.
July 16, 2026 (MLN): Pakistan has gone to the IMF twenty-four times. That number alone should force us to pause. It tells us that our problem is not the IMF, nor the global economy, nor some recurring external shock. Our problem is discipline — or more precisely, the inability to sustain discipline long enough for reforms to take root. Every few years, we find ourselves in the same place: reserves depleted, co...