Role of IMF Over the Governance Structure and Economic Development of Pakistan

Developing countries like Pakistan seeks for financial assistance in order to fulfil their deficits. IMF is one of the largest financial institution who give loans to countries who need it. This research has studied the IMF role and the effects of IMF conditions on the economy of Pakistan. To carry out this research, both quantitative data from primary sources has been gathered and qualitative analysis has been made to signify whither this borrowing creating and maintaining dependency of Pakistan on West and financial and governance structure constructed to curtail Countries like Pakistan. The results concluded that there is negative and insignificant relationship between GDP and IMF loans in the long run. The short-term dynamic shows that weak economic and Political Institutions in Pakistan. The Development dilemma constitutes dependency even today. The Current Budget Deficit Pakistan's fiscal deficit climbs to Rs 3.403 trillion in 2020-21 needs to be readdressed in such a manner that Pakistan can counter Balance of Payments and import/export imbalance.