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April 21, 2026
IMF sets 11 new reform conditions for Pakistan ahead of a $1.2bn tranche, covering tariffs, taxation, SOEs, and economic reforms.
Read more: IMF Chief Praises Pakistan Reform Progress
The International Monetary Fund (IMF) has set 11 new conditions for Pakistan ahead of approving a $1.2 billion tranche under its ongoing programme.
Among the key requirements, Pakistan has agreed to reform procurement rules to eliminate preferential treatment for state-owned enterprises in major contracts. The government will also implement semi-annual gas tariff adjustments starting July 2026 and annual electricity tariff revisions from January 2027.
The IMF has called for amendments to Special Economic Zones (SEZs) and Special Technology Zones (STZs) to phase out fiscal incentives by 2035, including those linked to China-Pakistan Economic Corridor projects. Changes to the Public Procurement Regulatory Authority (PPRA) rules are expected by September 2026.
Additional measures include reforms to the National Accountability Bureau (NAB) for merit-based appointments, improvements in tax audit selection through a centralised Federal Board of Revenue system, and the establishment of a Pakistan Regulatory Registry.
Pakistan has also agreed to increase Benazir Income Support Programme stipends from Rs14,500 to Rs19,500 by January 2027.
The State Bank will prepare a roadmap for gradual foreign exchange liberalisation, while budget approval for 2026–27 will align with IMF requirements.
