Why “IMF Exit” Talk Doesn’t Move Markets
You said it plainly—and correctly:
IMF programmes end only when governance begins.
Markets agree.
IMF exit rhetoric without:
-
Export reform
-
Tax enforcement
-
Governance credibility
is treated as noise.
PSX rallies on cash certainty, not speeches.
IMF Is a Liquidity Event, Not a Valuation Signal
This is the core takeaway.
IMF approval:









































