The International Monetary Fund (IMF) has imposed 11 new conditions on Pakistan’s $7 billion bailout program. This raises the total conditions to 64 over 18 months. The new directives aim to fix deep-rooted governance problems, corruption risks, and sector losses. A major demand is for Pakistan to publish asset declarations of top federal officials by December next year on a government website. Banks will get full access to this data. The government also plans to expand this rule to senior provincial officials. The IMF wants Islamabad to release by October next year a plan to fight corruption in 10 risky departments. The National Accountability Bureau will lead this effort. Provincial anti-corruption agencies will get more powers to investigate financial crimes. Pakistan must complete a review by May next year of the costs and barriers in foreign remittances. These costs could rise to $1.5 billion soon. Remittances are vital for Pakistan’s import financing. By September next year, the government must identify hurdles to growing its local currency bond market and publish a reform plan. To break the sugar sector’s power concentration, federal and provincial governments must agree on a market liberalisation policy by June next year. This will cover licensing, pricing, imports, and exports. The Federal Board of Revenue (FBR) faces tough tasks. By December this year, Pakistan must deliver a roadmap to improve FBR’s efficiency, including staffing and revenue goals. The government will also start reforms in three key areas. By December next year, a medium-term tax reform strategy is required. It will cover tax policy, administration, legal changes, and governance steps. In the power sector, Pakistan must prepare for private involvement in power companies HESCO and SEPCO before the next federal budget. Public service contracts with seven large power firms must be agreed on. Parliament will review amendments to the Companies Act to strengthen corporate governance. The government must also issue a concept note on changes to the Special Economic Zones (SEZ) Act. The IMF report notes Pakistan’s promise to introduce a mini-budget if revenues fall short by December 2025. Possible steps include raising excise duties on fertilizers, pesticides, sugary products, and expanding the sales tax net. The IMF has also extended Pakistan’s deadline to publish a corruption action plan to fix governance weaknesses.