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IK needs to review its approach to politics – Opinion

IK needs to review its approach to politics – Opinion


It's not just that Imran Khan truly believed that his letter to the IMF (International Monetary Fund) could make the lender reconsider its engagement with the government of Pakistan, because that is not how IFIs (financial institutions) work. international), but rather his choice. These tactics further betrayed the hubris that had gotten him and his party into all this trouble in the first place.

Obviously, he still believes that the house should be burned down if he is not given the keys. Worse still, the same old tendency where his fanatical followers take everything he says as gospel truth, without anyone around him daring to advise friendly caution, still seems quite strong.

Let there be no mistake. Pakistan needs to repay about $27.47 billion by November 2024, according to the State Bank of Pakistan (SBP), and about $75-85 billion over the next two fiscal years.

And without an active IMF program, these payments will not be rolled over, which means certain default; and the hyperinflation, massive unemployment, and even riots and crime that will surely follow. So, is the leader of the most popular party in the country, who also came out on top in the February 8 elections, unaware of this reality? Or, more frighteningly, does he not care about the fate of the people, most of whom are his supporters, if the election result is not changed? It is time that Imran Khan, arguably the country's most popular political leader, revisits his approach to politics.

Last but not least, although I may be one of his strongest critics, I greatly admire him for his easy-going attitude and integrity.

Sanaullah Mirza (Karachi)

Commercial Copyright Recorder, 2024




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