Pakistan’s Prime Minister Shehbaz Sharif has one advantage over his predecessors as he tries to turn around a stricken economy — the all-powerful military’s desire for change.
Sharif, whose administration secured a much-needed $7bn loan from the multilateral lender last month, has promised painful reforms, such as strengthening tax collection and raising household energy tariffs by a fifth.
Previous governments have made and recanted similar pledges in the face of public opposition. But Pakistan’s military has thrown its weight behind the deal, according to government officials, diplomats, and analysts, fearing that prolonging the economic crisis would deepen instability and threaten its own considerable financial interests.