Pakistan, Oct. 15 -- The International Monetary Fund (IMF) reached a staff-level agreement with Pakistan on Wednesday. This deal allows Pakistan to receive $1.2 billion after final approval. The funds include $1 billion from the Extended Fund Facility and $200 million from the Resilience and Sustainability Facility. This will bring total disbursements to around $3.3 billion under both programs.

The IMF praised Pakistan's recent economic achievements. For the first time in 14 years, Pakistan recorded a current account surplus. The IMF also noted Pakistan's success in controlling inflation and strengthening financial stability. Moreover, fiscal discipline improved, surpassing key program targets.

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