Agha Zain ul Abdin

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  • IMF deal: A glimmer of hope

    IMF deal: A glimmer of hope0

    Pakistan’s concern of a default has ended, as the executive board of the International Monetary Fund (IMF) approved $3 billion stand-by agreement for Pakistan. The approval allowed an immediate disbursement of $1.2 billion in order to help Pakistan stabilise its ailing economy. It can be said that there are no further default speculations or significantREAD MORE
  • Pakistan and the IMF

    Pakistan and the IMF0

    Pakistan joined the International Monetary Fund (IMF) in 1950, three years after Pakistan’s inception. Pakistan, as a newly established country, was facing fiscal issues. Eventually, Pakistan became the new client of the IMF in 1958, when Pakistan, for the first time, knocked on the door of the IMF for a bailout. From 1958 until now,READ MORE

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