The new government in Pakistan will also need the support of the IMF, Bloomberg

The new government in Pakistan will also need the support of the IMF, Bloomberg

News By Feb 11, 2024 No Comments

A large long-term loan program is required. Photo: Express Web

New York: Bloomberg has claimed in his report that whether a majority government or a coalition government is formed in Pakistan, it will always need the support of the IMF’s new bailout program.

According to Bloomberg, a global financial magazine, Rocher Desai, fund manager of Asia Frontier Capital, said that the government formed as a result of the elections in Pakistan has to make several big payments in the next 6 months, for which it needs a large long-term debt program. Should be.

Also Read: Imran Khan Is Pakistan’s Most Popular Leader Right Now, Bloomberg

Rocher Desai further said that whether the government is in majority or coalition, it has to go to the IMF as Pakistan’s external debt situation is uncertain and unstable.

Rocher Desai, fund manager at Frontier Capital, also said that interest rates in Pakistan may come down in the next 9 to 12 months. Pakistan Stock Exchange share prices are very cheap since the global financial crisis due to the inclusion of political, economic concerns.

Rocher Desai added that currently the Pakistani market has the lowest price-to-income ratio.

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