Increasing debt

However, the real trap the government needs to escape, is that of the IMF, which is only offering aid because Pakistan is helping the USA, which is allied to Europe, which names the IMF Managing Director, in its War on Terror. The IMF conditionalities, combined with government extravagance, are causing the unchecked growth in debt by a government which never tires of its concern for the poor. While Pakistan might need assistance to tide over the difficulties it may be facing, such assistance should not be at the cost either of the national economy, or of national honour and dignity. As the increase in the debt burden under the PPP-led government shows, turning to the IMF has meant not just the sacrifice of national honour, but a worsening of the national economic situation. Also reflected are both the ineptitude of the economic management team, and the misplaced priorities of the government.