The IMF has imposed 11 stringent conditions on Pakistan to release the next tranche of its $7 billion bailout package. These demands include major reforms in taxation, subsidy reduction, and privatization of state-owned enterprises. With escalating tensions between India and Pakistan adding pressure, the conditions aim to stabilize Pakistan’s fragile economy. This video breaks down each IMF requirement and highlights the challenges Pakistan faces in meeting them.
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00:00The International Monetary Fund has set 11 new conditions for Pakistan to meet in order
00:05to receive the next tranche of its bailout package, according to the Express Tribune.
00:12The IMF staff-level report, released on Saturday, warns that escalating tensions between India
00:18and Pakistan could further jeopardize Pakistan's fiscal and economic stability, potentially
00:23hindering progress on key reform goals.
00:26Among the new conditions is the approval of a Rupees 17.6 trillion budget for 2025-2026,
00:34which must align with IMF targets.
00:39Pakistan is also required to roll out a comprehensive plan to implement new agriculture income tax
00:44laws, complete with taxpayer registration and compliance measures with a deadline of
00:48June this year.
00:52Another key requirement is the publication of a governance action plan based on the IMF's
00:56governance diagnostic assessment aimed at addressing key governance challenges.
01:04Additionally, the government must ensure annual inflation adjustments to maintain the purchasing
01:08power of the cash transfer program for the public.
01:12The IMF also requires Pakistan to create a financial sector strategy for post-2027, outlining
01:18regulatory changes.
01:23In the energy sector, four new conditions have been added.
01:27While in trade and investment, Pakistan must prepare a plan to phase out incentives related
01:32to special technology zones and industrial parks by 2035.
01:36Lastly, the IMF has mandated that Pakistan lift restrictions on the commercial importation of used motor vehicles,
01:43specifically those less than five years old, by the end of July to liberalize trade and make
01:48vehicles more affordable.
01:52On May 9th, the IMF reviewed its lending program for Pakistan, approving a $1 billion disbursement
01:58under the extended fund facility, along with a potential $1.3 billion resilience and sustainability
02:04facility.
02:05This approval brings total disbursements to $2 billion within Pakistan's 7 billion.
02:11The International Monetary Fund has set 11 new conditions for Pakistan to meet in order
02:16to receive the next tranche of its bailout package, according to the Express Tribune.
02:23The IMF's staff-level report, released on Saturday, warns that escalating tensions between India
02:28and Pakistan could further jeopardize Pakistan's fiscal and economic stability, potentially hindering
02:34progress on key reform goals.
02:37Among the new conditions is the approval of a rupees 17.6 trillion budget for 2025 to 2026,
02:44which must align with IMF targets.
02:49Pakistan is also required to roll out a comprehensive plan to implement new agriculture income tax laws,
02:55complete with taxpayer registration and compliance measures with a deadline of June this year.
03:02Another key requirement is the publication of a governance action plan based on the IMF's
03:07governance diagnostic assessment aimed at addressing key governance challenges.
03:14Additionally, the government must ensure annual inflation adjustments to maintain the purchasing
03:19power of the cash transfer program for the public.
03:22The IMF also requires Pakistan to create a financial sector strategy for post-2027, outlining regulatory changes.
03:34In the energy sector, four new conditions have been added.
03:37While in trade and investment, Pakistan must prepare a plan to phase out incentives related
03:43to special technology zones and industrial parks by 2035.
03:47Lastly, the IMF has mandated that Pakistan lift restrictions on the commercial importation of used motor vehicles,
03:54specifically those less than five years old, by the end of July to liberalize trade and make vehicles more affordable.
04:02On May 9th, the IMF reviewed its lending program for Pakistan, approving a $1 billion disbursement under the extended fund facility,
04:11along with a potential $1.3 billion resilience and sustainability facility.
04:16This approval brings total disbursements to $2 billion within Pakistan's $7 billion loan.
04:22of $7 billion in Pakistan's $1 billion in Pakistan's $3 billion in Pakistan.
04:23This will be a fundamental disbursement of the pensa-caring system.
04:24So what useful is that Pakistan will have a potential disbursement of the investment in Pakistan's $1 billion dollars.
04:25For more than 15K is, the nodes of the global demand that are available in Pakistan is also listed in Pakistan.
04:27This will be a fundamental disbursement of the India's state of the United pot.
04:29This will likely stimulate the IMF to the UK's every year and in Pakistan.
04:31We're likely to run on the channel of the invching of the trade company to India's
04:38They're somehow trained in Pakistan's healthcare in Pakistan's market-based tradition to ensure that the Jedis-Bas-Basarazzi system is available on the market track network.
04:43On May 9th, the Amazon has been a-b beneficiaries of the international capacity of the India's company.