Dr. Noor Fatima (Political Economist): As soon as Pakistan receives the next tranche of IMF, all other bilateral and multilateral credit institutions will start disbursing loans to Pakistan. This will help stabilize the economy and putting less pressure on foreign reserves of the country. It was very important for Pakistan to get the IMF program as it will help achieving financial discipline and keep the country afloat. The credibility and image of the country in the comity of nations will also increase by joining this program.
Humayun Iqbal Shami (Economist): The staff-level agreement with IMF will help the money market as well as broader economy of Pakistan. It will spur economic growth and build confidence of foreign investors on Pakistan. Charter of Economy is being discussed since the last many years; however, I am not very hopeful regarding it. We should follow the development models of Saudi Arabia, China and other successful countries. That model says that political governments should not have much role in economic planning. Rather, it should be left to professionals. We can revive the model of 1960s in which economic experts played the main role of policy making and its execution. The recently discussed Special Investment Facilitation Council will help improve the economy. We need sustainable and long term policies for country to progress.