On 3rd July 2019, the IMF’s spokesperson Gerry Rice declared via a tweet that “IMF Executive Board approved today a three-year US $6 billion loan to support #Pakistan’s economic plan.” Just a few days before, on 28th June 2019, General Bajwa had insisted, “There cannot be any sovereignty in the absence of economic sovereignty.”

After India’s candidature for the United Nations’ Security Council’s non-permanent seat was endorsed on 25 June 2019 by the 55-member Asia-Pacific Group, which includes Pakistan, the regime found itself at the receiving end of the anger of the masses who reject the regime’s support of the enemy Hindu State. In their justification, the regime’s mouthpieces claim that membership of the United Nations is a compulsion

In order to fulfill IMF conditions, the government has implemented the colonialist demand for “competitive exchange rates,” which has weakened the Rupee, resulting in back breaking inflation. The plummeting rupee then had an impact on petrol and gas prices, which are tied to the dollar, with OGRA setting gas prices according to a rate of 150 Rupees to the dollar. Gas prices have already increased 143%

In accordance with the agreement with the IMF, on 26 May 2019 the regime’s economic team firmed up budget proposals for taxation measures, for 2019-20. On 25 May 2019, the regime announced it would increase next tax collection target to Rs5.550 trillion, almost 35.4 percent more than the current year’s revised estimate.