The True Post(Web News) The International Monetary Fund has imposed 11 new conditions for approving the next tranche of $1.2 billion for Pakistan.
Under which the government will have to make a number of financial and legal reforms to ensure transparency, competition and financial stability. According to the new conditions, the PEPERA rules should be amended so that special preference for awarding contracts worth billions of rupees to government agencies without competition is eliminated. The government has also agreed with the IMF that gas prices will be set for review every six months from July 2026 and electricity prices on an annual basis from January 2027.
Which will inevitably lead to an increase in energy prices in the financial year 2026-27. Amendments will be made in the laws related to Special Economic Zones and Special Technology Zones and financial incentives will be phased out. Amendments will be made in the NAB Ordinance and a central system for selection of audit cases will be introduced in the FBR. Profit-based facilities will be converted to a cost-based system and all financial incentives will be abolished by 2035.
Including the incentives provided under CPEC. The amendments to the PPRA rules will be implemented by September 2026 after the approval of the next budget. The IMF’s executive board will consider the completion of the third review and approval of the release of the fourth tranche under Pakistan’s $7 billion program next month. These measures are being described as crucial for fiscal transparency, reforms and economic stability in Pakistan.
