ISLAMABAD: The International Monetary Fund (IMF) has put forward tough conditions for Pakistan, which has sought a $7 billion loan to meet its daily expenses. The IMF has put forward 64 regulatory rules to be followed within the next 18 months. The Pakistani government has to follow 11 new conditions, including one to curb corruption.

The IMF had earlier demanded that Pakistan's national carrier Pakistan International Airlines (PIA) be privatized immediately. Pakistani Prime Minister Shahbaz Sharif had announced that the tender process for this would begin on December 23. The Pakistani government had asked the IMF for seven billion dollars (63,000 crore rupees).

The IMF had earlier given $1 billion as per Pakistan's request. About 9000 crore Indian rupees were received. The second tranch

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