IMF Imposes 11 New Conditions on Pakistan Amidst India Tensions
The IMF’s expanded bailout package for Pakistan includes 11 new conditions, bringing the total to 50. Key requirements involve parliamentary approval of a Rs 17.6 trillion budget, increased debt servicing surcharges, and liberalization of used car imports. Furthermore, provincial-level agricultural tax reforms and a long-term financial sector strategy are mandated. The IMF also noted concerns regarding the potential destabilizing effect of heightened India-Pakistan tensions on the program’s success.
John Q. Hosedrinker