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IMF: an economic quack

March 31, 2013

A PATIENT with a little headache consulted a doctor. Despite medication, the doctor referred him to a quack.

The quack gave him some toxic sedatives. The patient initially felt relief, but as he gained consciousness, he found himself in greater trouble.

The patient reconsulted the quack and got the same dose again.

Day by day his health went pathetic as he was an addict now.

This is a real McCoy for Pakistan’s precarious economic condition. Pakistan looked towards the IMF — the quack whose counterproductive drugs led it towards destruction.

Now Pakistan has been badly entangled into debt net by all means, and its economic health is getting thinner and thinner by every passing year.

The mercurial IMF is now showing its colours by practising double standards. Losers cannot be the choosers.

The IMF is, therefore, raising the interest rate, on the one hand, and is identifying Pakistan the specific areas where to invest in, on the other hand.

The IMF is not appreciating Pakistan to invest in the industrial sector but limiting the money only for some useless schemes. Being a patriot Pakistani, the condition is bothering me.

I hope Islamabad will take the matter seriously, otherwise it will be a demise of the patient (God forbid).