US says it support Pakistan efforts to break free from debt cycle

The United States has called upon Islamabad to maintain its collaboration with the IMF and other relevant institutions to implement macroeconomic reforms in Pakistan. State Department spokesperson Matthew Miller emphasized the importance of Pakistan’s efforts to break away from dependence on debt and international financing, highlighting that the long-term stability of Pakistan’s economy is paramount. Responding to inquiries during a daily briefing, Miller stressed the significance of economic health for Pakistan’s overall stability. Meanwhile, Pakistan Tehreek-e-Insaf’s founder, Imran Khan, had previously urged the IMF to prioritize political stability in new bailout discussions, but the IMF has declined to engage in such matters. Instead, the IMF spokesperson, Julie Kozack, affirmed last week that the Fund stands ready to collaborate with Pakistan’s new government to develop policies aimed at ensuring macroeconomic stability and fostering prosperity for all citizens of Pakistan.