Overview
- Pakistan told the IMF it will keep the sovereign wealth fund idle until Parliament approves changes after submitting six draft amendments for a vote.
- The IMF conditions ban the fund from borrowing, issuing guarantees, lending, joining public-private partnership projects, buying financial assets, or taking money from the central bank or state firms.
- The plan would recast the fund as a holding company and undo 2023 powers that allowed direct sales of state-owned enterprise stakes without open auctions.
- All proceeds tied to the fund would go straight to the federal treasury under budget rules, and the fund would not keep public money for investments.
- The IMF linked these changes to future loan tranches and to a legal benchmark after the 2026–27 budget, with parliamentary approval still pending.