Pakistan, June 25 -- In 2025, Pakistan's economic blueprint is being redefined under the weight of conditions tied to its $7 billion IMF Extended Fund Facility and concurrent World Bank engagement. Central to these are four intertwined reforms: tax-base expansion (notably Agricultural Income Tax), GST harmonization, State-Owned Enterprises (SOE) restructuring, and public spending discipline. The success or failure of these measures will decisively shape Pakistan's macroeconomic stability, growth prospects, and ability to access future financing tranches.

Under the IMF programme approved in September 2024, Pakistan committed to a 37-month Extended Fund Facility worth $7 billion. The first tranche release came with strict conditionality: a...