The financial mismanagement and other lopsided policies followed by Pakistan seem to have come to naught finally, with reports that the country has finally said ok to all the tough conditions imposed by the International Monetary Fund (IMF).
Pakistan is all set to increase power and fuel prices and remove many subsidies to ensure it receives the first tranche of funds worth a few billion dollars. Unless this money arrives, Pakistan is only weeks away from becoming another Sri Lanka.
In all respects, the country has been left with no choice but to surrender its autonomy and self-respect, which many feel could trigger civil unrest and anarchy in the country, leading to its eventual disintegration. The country is caught between the devil and the deep sea.
