Days after the IMF praised Pakistan for 'strong performance' under the Extended Fund Facility (EFF) programme, a subsequent rejoinder from the Fund has put the loan-recipient country in an embarrassing situation. The Washington-based lender is unhappy with the import of sugar and that too by setting aside conditionalities that were part of the $7 billion bailout terms. It believes Islamabad has bypassed it by waiving taxes, and that is tantamount to a breach.

This has landed the beleaguered government, which has not been able........

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