New Delhi, Dec. 12 -- The International Monetary Fund (IMF) has imposed 11 strict new conditions for Pakistan to access its loans, aimed at tackling corruption risks, curbing elite control of the sugar sector, and revealing the real costs tied to foreign remittances.

Out of the 11 conditions, three are related to tax reforms, asset declarations of government officials, and private-sector participation in the energy sector - all of which Pakistan must fulfil by the end of December.

These conditions also seek to reduce losses in the power sector by bringing private sector participation, improving governance and service delivery, and boosting the effectiveness of the "highly inefficient" Federal Board of Revenue (FBR), Tribune said in a re...