this is true. no one else is presenting it as anything other than that. the money is to manage working capital deficits, because previous governments have left huge debt repayment deadlines with no income to pay them with. its not complicated. a responsible government would avoid default by any means necessary, by scraping together money to pay down that immediate and urgent debt demand - which is what this government has been and is doing - whilst trying to fix the structural deficiencies in the economy preventing it from generating revenue, so that in the future the working capital needs of the country can be met by self generation, rather than borrowing from Peter to pay Paul, which is what Zardari and Nawaz specialised in, leaving it to future generations to suffer the pressure cooker explosion they began. the current government is trying to fix these structural deficiencies by cutting excess costs of the executive, investing in human capital for economic productivity, by restructuring export industries to make them more competitive and sophisticated, and by controlling imports by allowing the inevitable currency weakness built up from the failure of economic policies of the predecessor government. to explain this briefly - the previous governments artificially kept the rupee strong, which had the effect of damaging the export industry whilst artificially keeping input costs to the consumer (eg energy) low - essentially borrowing from abroad, and ramping up the debt to pay the average person, in order to bribe them for votes, knowing they would never be able to pay that money back, but wouldn't need to because it would be the next governments problem. (and all the while steal millions and billions in kickbacks from pointless and unproductive infrastructure programmes.) This is the reason that the IMF is insisting on devaluation, artificially holding the currency up is unsustainable, destroys the economy and ultimately the people suffer with inflation when exports do not sustain debt repayment, which is exactly what happened. thats essentially an exact snap shot of the full picture. of course its no wonder that people like Bilawal, with no history of any political or economic experience and the recipient of looted wealth cleansed conveniently by inheritance, are critiquing these economic corrective measures which have been a result of previous governments, including his own governments, and which are necessary in order for Pakistan to grow. he is a true enemy of the state and the people of pakistan.