There is no free lunch. No one can understand it better than Pakistan, which has been slapped with 64 conditions for the much-awaited $7 billion bailout package of the International Monetary Fund. Days after it approved the fresh tranche of $1.2 billion, the IMF announced 11 new conditions attached to the loan. All 64 conditions are to be fulfilled within 18 months. After missing 11 indicators, the Shehbaz Sharif government has agreed to comply with the fresh targets. These include additional tax measures, expenditure cuts, rising revenue shortfalls, and keeping the Extended Fund Facility (EFF) on track.

Pakistan IMF Loan

According to ‘Dawn,’ the Pakistan government accepted an estimated shortfall from the underperformance of the captive power levy of Rs 104 billion. It assured the inter

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