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The IMF Is Using the Debt Crisis to Hollow Out Pakistan’s Sovereignty 20 April by
Pakistan’s prime minister Imran Khan (CC - Wikimedia)
Imran Khan’s government came to power in 2018 promising to reorient Pakistan’s economy toward the needs of the population. But faced with a debt crisis it soon dropped its reformist agenda and now, the International Monetary Fund is pressuring it to place its State Bank permanently beyond democratic control.
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As the Covid-19 crisis continues to wreak havoc, at the end of March UN Secretary General António Guterres called for “decisive action” to avert the developing world’s deepening debt crisis. He warned that the previous debt obligations of poor countries were fast maturing, threatening to prolong the economic crisis. African governments alone owe $23.4 billion in repayments to financial institutions this year, notwithstanding current pressures signaling the scale of the economic burden imposed on po
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Okara hit headlines in international media during General Musharraf’s regime when tenants of military dairy farms, spread over thousands of acres in the district along the National Highway, resisted the army administration’s plans to change around a century-old Batai system into a rent system in 2000.
This led to a movement for ownership rights by tenants ploughing the fields since 1913, when the land was given by the Punjab government to the military on a 20-year lease that was never renewed. The ongoing struggle has resulted in the deaths of over a dozen tenants inviting the attention of human rights watchdogs across the globe.