Pakistan Meets IMF Fiscal Targets for Q1 But Sustainability in Doubt
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Pakistan has met fiscal targets for July-Sept quarter, putting it on track to receive $710 million IMF loan in December.
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Experts are skeptical about sustainability due to one-time measures like petroleum levy hikes and provincial cash surpluses.
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Revenue, circular debt, and structural reform targets have been met per IMF requirements.
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An "invisible hand" has helped stabilize the rupee and clamp down on illicit trade recently.
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Sustainability of fiscal improvements remains a challenge given potential political ramifications and undeclared assets.