IMF: Friend or Foe

International loans and bailout packages have exacerbated the woes of the states by overdue taxation, sway of inflations because of the usurpation of subsides and the curtailment of local industries due to the overextended roles of multinational corporations (MNCs), subsequently inculcate socio-economic unrests, giving more spaces to the foreign institutions to manoeuvre the system and institutions of the debtor, i.e. Pakistan.