The IMF has added 11 fresh heavy demands that the Pakistani government must implement in the upcoming budget to keep its financial rescue program alive.
On May 12, 2026, The International Monetary Fund (IMF) released $1.3 billion to the State Bank of Pakistan. However, the IMF has imposed 11 more conditions on Pakistan for the $7 billion release. Now, the total number of conditions imposed has risen to 75 in less than two years.
Massive Tax Targets and Expensive Fuel
The IMF has set a tax collection target of Rs 17.145 trillion for the upcoming 2026-27 financial year. The FBR must collect Rs 15.264 trillion to reach this goal. This means, the government will have to introduce new tax measures worth Rs 430 billion.
The IMF also aims to collect Rs 1.73 trillion from fuel sales. This target indicates that the government may have to raise the petroleum levy rate to Rs 100 per liter.
Proving Wealth Online and Catching Corruption
The IMF is also demanding top government bureaucrats declare all their assets online so the public can see what they own.
Furthermore, the IMF has instructed the state to identify the 10 most corruption-prone public institutions by the end of this year for deep administrative audits, while strictly ordering a massive upgrade for all provincial anti-corruption departments.
Cracking Down on Property and Money Laundering
The IMF has demanded immediate, aggressive actions against trade-based money laundering. In response, the FBR has already started conducting sudden raids on major housing societies.
Complete Exit from Sugar and Wheat Markets
The IMF wants the government to stop controlling basic food markets. The state has committed to launching a National Sugar Policy by June 2026 to fully end government-run commodity operations.
Digital Cash and Strict Provincial Savings
The IMF wants the government to fully digitalize all federal and provincial payments by June 2027.
The four provinces must increase their local tax collection to save a combined cash surplus of nearly Rs 2 trillion, which must be handed over to the central government to lower national debt.
No More Special Favors for Industries
The IMF is demanding Pakistan not give any new tax incentives to Special Economic Zones (SEZs) or technology parks. The government must completely phase out all existing tax holiday favors to powerful industries by 2035.
Power Tariff Shocks Tied to Welfare
The IMF has linked any power relief strictly to poorer households through the Benazir Income Support Program (BISP), increasing the monthly welfare payments to Rs 18,000.
What the Government Has Promised
The IMF requires parliamentary approval of the FY2027 budget in line with the IMF staff agreement, with a primary surplus target of 2% of GDP. The deadline is end-June 2026.
