Pakistan's debt has dropped from 88 percent to 84 percent. The IMF reports that in the first quarter of the budget, 28 percent debt has been reduced. If interest is not paid on past loans, Pakistan is not in a deficit. According to the report of senior journalist Sami Ibrahim, the major problem related to Pakistan's debt has been resolved; Pakistan's debt is so high that a large portion of our budget goes into the interest of this loan. About IMF :
The International Monetary Fund (IMF), is an international organization headquartered in Washington, D.C., consisting of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world while periodically depending on World Bank for its resources.[1] Formed in 1944 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes,[6] it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. It now plays a central role in the management of balance of payments difficulties and international financial crises.Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had XDR 477 billion
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