There was a hope that khan will fail.. $24B was needed on urgent bases, IMF was not expected to bail out, and if decided will create such tough conditions that government will fall.
Now
trade deficit is lower
current account deficit is lower
country has paid its payments on time
IMF is talking reasonable demands
friendly countries are standing along Pakistan and showing willingness to invest heavily
Pakistan is opening up on tourism and religious tourism is sure going to have the first impact
GDP growth in N times was based on spending.. loans and loans and loans
Now imports are restricted, loans are only being used to payback older loans, so GDP growth is dropping
when trade deficit is so high, you are starving for dollars.. supply demand equation suggests dollar can only be more expensive.. to keep it stable, need to buy and get additional loans to through this supply.. how long this can work? No ; is it damaging instead? yes
wasn't this the vision of last government (visionary or dumb?)