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Whatever the election results are, talks with the IMF are important for Pakistan, Bloomberg

2024-02-09
Whatever the election results are, talks with the IMF are important for Pakistan, Bloomberg

Bloomberg, in its analysis of Pakistan's general elections, emphasized the critical importance of engaging in talks with the International Monetary Fund (IMF) regardless of the election outcome.

 

Asia Frontier Capital fund manager Richard Ysai highlighted the necessity for a new bailout program, citing Pakistan's uncertain and unstable external debt situation. With looming payments in the next six months, the country requires a substantial long-term debt program.

 

Bloomberg noted the Pakistan Stock Exchange's historically low price-to-income ratio since the global financial crisis, attributing its bearish trend to political and economic concerns.

 

 The report suggested that despite these challenges, interest rates in Pakistan might decrease over the next 9 to 12 months.