The harsh reality is as we see that our rupee stayed stable under our military rules including Pervaiz Musharraf as well as Pakistan economy
No/ Zero external loans were taken during musharraf rule , but in the last 10 years we accumulated record loans which was the main factor in devaluation of rupee.
Imran khan Decared that he will not take any loans but he has no choice due to the record debut and loan repayments and our imbalance of imports vs exports