New York: Bloomberg has said that whether the government is a majority or a coalition, Pakistan needs a new bailout program.
Rocher Desai, fund manager of Asia Frontier Capital of the global journal Bloomberg, said that whether the government is a majority or a coalition, Pakistan needs a new bailout program.
He said whatever the election results, talks with the IMF are important. Pakistan’s external debt situation is uncertain, unstable. He has several payments to make in the next 6 months, so he needs a big long-term loan program.
Pakistan stock exchange is a very cheap market since the global financial crisis. The price to earnings ratio of the Pakistani market is at the lowest level. Interest rates may come down in the next 9 to 12 months.
