When the IMF publicly commends Pakistan’s economic progress, it is not merely a diplomatic nicety; it is a signal to the world’s financial ecosystem that the country is beginning to reorient itself in the right direction. This week’s remarks by the IMF representative acknowledging Pakistan’s robust reform momentum serve as a quiet, yet significant, endorsement of Islamabad’s macroeconomic stewardship.

It bears stating that for too long, fiscal mismanagement, populist policymaking, and the perennial debt trap have defined the........

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