IMF sets conditions for Pakistan's economic program

The International Monetary Fund (IMF) has outlined specific conditions for Pakistan's new program, which includes the introduction of a National Fiscal Pact to assign duties to the provinces and a scheduled rise in electricity tariffs starting in July. Insider sources from a recent meeting disclosed these stipulations. Suggestions were made during the meeting to address fiscal relationships between the federal and provincial governments through the Council of Common Interests (CCI) rather than incorporating them into talks with the IMF.

Pakistan is currently in discussions with the IMF to secure a new program aimed at stabilizing the country's economy and addressing fiscal challenges. The IMF's requirements, such as the National Fiscal Pact and electricity rate hikes, are part of the conditions set by the organization to ensure economic reforms and sustainability.

The IMF's directives for Pakistan's new program signal a significant step towards economic restructuring and financial stability. By delegating fiscal responsibilities and addressing key issues through platforms like the CCI, Pakistan aims to navigate its economic challenges effectively and pave the way for sustainable growth.