The International Monetary Fund (IMF) has placed 11 new conditions on Pakistan during the second review of its $7 billion bailout programme. With this, the total number of conditions has risen to 64 in just 18 months.

The IMF released its staff-level report on Thursday. The report focuses on governance, anti-corruption steps, and economic reforms to fix what the IMF describes as “deep-rooted distortions” in Pakistan’s economy. The new conditions aim to tackle persistent governance problems, widespread corruption, and losses in key sectors.

Asset Declarations Become Major Requirement

One of the most important conditions requires the government to publish the asset declarations of senior federal civil servants by December 2026 on an official website. The government also plans to include senior provincial officials in the process.

Moreover, banks will gain complete access to this data so they can detect mismatches between a person’s income and their assets.

New Governance and Anti-Corruption Measures

The IMF has outlined several new requirements that Pakistan must fulfil:

Asset Transparency

Senior federal civil servants must declare their assets by December 2026. Provincial officials will be added next.

Bank Access

Banks must receive unrestricted access to the asset declarations to identify any discrepancy between individuals’ incomes and properties.

High-Risk Departments

By October 2026, Pakistan must publish action plans for 10 high-risk government departments based on corruption risk assessments.

NAB’s Oversight

The National Accountability Bureau (NAB) will coordinate these action plans for the most vulnerable agencies.

Provincial Powers

Provincial anti-corruption units will receive new powers to access financial intelligence and carry out investigations.

Wider Economic and Structural Reforms

Revenue System Overhaul

Pakistan must submit a detailed reform roadmap for its revenue board and also prepare a medium-term tax reform plan.

Remittance Review

The government must conduct a full review of the costs of remittances and the barriers affecting cross-border payments.

Sugar Market Opening

Islamabad must prepare a national strategy to liberalise the sugar market, which has long been controlled by politically influential business groups.

Power Sector Losses

Pakistan must cut losses in the power sector and meet all conditions required to allow private participation in distribution companies.

Corporate Law Changes

The government must amend the Companies Act and the Special Economic Zones (SEZ) Act.

Mini-Budget Requirement

The IMF states that Pakistan must introduce a mini-budget next year if revenue collection falls below expectations.

Pakistan’s Financial Dependence Continues

Pakistan’s economy remains heavily reliant on external financial support from the IMF and the World Bank. The country narrowly avoided default in 2024 after the IMF extended the $7 billion bailout. Since then, Pakistan has received about $3.3 billion under this programme.

The IMF’s Governance and Corruption Diagnostic Assessment found major weaknesses in Pakistan’s legal and institutional systems. Therefore, the new set of conditions is meant to strengthen governance, reduce corruption, and drive essential reforms across key sectors of the economy.