The International Monetary Fund (IMF) has introduced 11 new conditions for Pakistan as part of its ongoing financial support programme. These include frequent hikes in electricity and gas tariffs, elevated tax collection targets, and comprehensive structural reforms aimed at stabilizing the economy.
Pakistan is required to meet stringent fiscal benchmarks, with the IMF emphasizing enhanced revenue mobilization and policy reforms across energy, taxation, and governance sectors. Notably, the petroleum levy collection target for the upcoming fiscal year has been set at Rs1.727 trillion, significantly increasing the financial burden on consumers through higher fuel-related charges.
In addition, the Federal Board of Revenue (FBR) is tasked with achieving a tax collection target of Rs15.267 trillion. To support this goal, additional measures worth Rs430 billion have been proposed, including Rs215 billion from new taxes and Rs115 billion through enforcement actions and improved compliance mechanisms.
The IMF has also called for strengthening the independence and transparency of the National Accountability Bureau (NAB), alongside ensuring regular adjustments in electricity and gas tariffs to reflect cost recovery in the energy sector. Parliamentary approval of the federal budget, enhanced anti-corruption frameworks, and reforms in public procurement and tax administration are among other key conditions.
Furthermore, the continuation of the Benazir Income Support Programme (BISP) is mandated, along with the development of a roadmap for exchange rate flexibility and increased regulatory transparency across critical sectors. Structural reforms also include amendments to the Public Procurement Regulatory Authority (PPRA) rules, phasing out incentives for special economic zones by 2035, and establishing a national regulatory registry to improve business oversight.
Economic analysts interpret these measures as part of the IMF’s broader strategy to enforce fiscal consolidation and implement long-term structural adjustments necessary for Pakistan’s economic stability under the current programme.
