Peace deal: Did $1-billion IMF loan to Pakistan come with ceasefire condition?
How did India and Pakistan, who seemed hurtling towards an all-out war, reach a ceasefire agreement so fast? There is no doubt that Pakistan sued for peace, after three days of pounding. But was there another factor — a one-billion-dollar loan that was Pakistan’s lifeline? The $1-billion loan approved by the International Monetary Fund (IMF) … Read more