The upcoming Pakistani government, post the February 8th elections, faces IMF pressure, irrespective of the election outcome, as it will immediately need to engage with the International Monetary Fund, with the challenge of returning $25 billion within a year looming large.
According to a report from Bloomberg, the newly elected government in Pakistan will have to promptly engage with the IMF, as the current IMF program is set to conclude in March, and the challenge of returning $25 billion within a year looms large.
Despite economic challenges, there have been positive indicators in Pakistan’s financial landscape, such as stability in the bond market and a notable increase in bond prices in 2023
According to the report, Pakistan’s 9% bonds stabilized in January, experiencing a 100% increase in the value of bonds in 2023. There might be a decrease in demand for Pakistan Eurobonds due to the elections. The report from Bloomberg suggests that investors are awaiting the results of the elections in Pakistan, and with the one-billion-dollar bond from Pakistan maturing in the international market in April, the upcoming government faces crucial financial considerations.
The report emphasizes the need for proactive measures and strategic economic policies to address the country’s fiscal challenges effectively.
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription
