Islamabad, December 13, 2025 — The International Monetary Fund (IMF) has imposed 11 additional strict requirements on Pakistan, signifying a notable intensification in the current bailout initiative. Consequently, Pakistan is now subject to a total of 64 stipulations under the IMF agreement. The IMF has emphasised the necessity for Pakistan to hasten reforms in essential areas such as governance, anti-corruption initiatives, and structural changes across various sectors. Speaking on Express News programme The Review, analyst Shahbaz Rana said the IMF has made a strict reform road map for the Federal Board of Revenue (FBR) mandatory. He added that the global lender has also demanded full bank access to asset details of provincial officers to strengthen transparency. Lieutenant General Sarfaraz (National Coordinator) also said “We do not have a growth plan.”

Among the latest requirements, the IMF has mandated that senior federal civil servants disclose their asset declarations publicly and that banks have unrestricted access to these disclosures. Furthermore, the fund has requested detailed action plans to address corruption in high-risk governmental departments, alongside measures to modernise corporate legislation and boost business compliance. Governor State Bank said “Our growth plan is not capable of managing 25 crore population of Pakistan”. A major emphasis is placed on revenue reforms, as Pakistan has been directed to finalise a thorough tax reform strategy with specific performance indicators and to improve the efficiency of FBR.

Significantly the United States has approved a 686 million dollar package to upgrade Pakistan’s F-16 fighter jets, including advanced systems, training, and logistical support. Additionally, the IMF has requested an assessment of remittance processes to decrease costs and improve accessibility for overseas Pakistanis. Economists caution that fulfilling these conditions is vital for Pakistan to secure future funds under the bailout program. Any delays or failures could adversely affect the nation’s economic stability and the confidence of investors. As the need grows by the hour, the urgency for reforms becomes greater.