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    <title>Pakistan, IMF reach staff-level agreement for USD 1.2 bn loan deal</title>
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    <description>Pakistan reached a staff-level agreement with the IMF for USD 1.2 billion-USD 1 billion under the Extended Fund Facility and USD 200 million under the Resilience and Sustainability Facility-subject to Executive Board approval. The authorities commit to a fiscal primary surplus target of 1.6% of GDP through revenue mobilisation and tax compliance, stand ready to address revenue shortfalls, are reallocating budgets for flood relief, and will maintain a monetary policy stance to keep inflation within a 5-7% target while preventing power-sector circular debt via timely, cost recovery tariffs.</description>
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