IMF slaps Pakistan with 11 more conditions! $7 billion bailout on line; total regulations stand at 64

The International Monetary Fund hit Pakistan with 11 fresh conditions, linked to its $7-billion bailout programme. The latest directives, revealed in the Fund’s staff-level report for the second review released on Thursday, push the total number of conditions to 64 across the span of 18 months, according to the Express Tribune.The new measures target long-standing governance flaws, entrenched corruption risks and losses in critical sectors. A key requirement is the publication of asset declarations of high-level federal civil servants by December next year on an official government website. The IMF says the disclosures are meant to help detect discrepancies between income and assets. The government intends to extend this obligation to senior provincial officials as well, while banks will be granted full access to the data.The report further states that by October next year, Islamabad must release an action plan to tackle corruption risks in 10 departments identified through institutional risk assessments. The National Accountability Bureau will be responsible for coordinating these plans for the most vulnerable agencies.