The International Monetary Fund (IMF) has reportedly imposed 11 new conditions on Pakistan for the release of the next tranche of its bailout programme following the recent standoff with India. The Express Tribune newspaper reported Sunday (May 18) that new conditions include the parliamentary approval of a new Rs 17.6 trillion budget, an increase in the debt servicing surcharge on electricity bills and lifting restrictions on the import of more than three-year-old used cars.

The IMF reportedly released its Staff Level report on Saturday, in which the institution said that “rising tensions between India and Pakistan, if sustained or deteriorate further, could heighten risks to the fiscal, external and reform goals of the programme”. It also warned that increasing tensions with India could expose the IMF bailout programme’s fiscal, external, and reform goals to external risks.