Political uncertainty could complicate the loan program, with the current loan program ending in March
Commerce Reporter
London: International credit rating agency Fitch has called the current uncertain political situation in Pakistan a threat to the IMF program.
Fitch wrote in his report that the political uncertainty may cause complications in the loan program. The current IMF loan program for Pakistan is ending in March. It is hoped that the newly elected government will contact the IMF immediately. International credit rating agency Fitch has released a report on Pakistan’s economy in which the current uncertain political situation in Pakistan is considered a threat to the IMF program. A new program with the IMF could improve Pakistan’s credit rating, the new government will urgently need funding from aid agencies. Fitch says Tehreek-e-Insaaf’s candidates in the polls performed strongly, Muslim League (N) ) and the People’s Party are busy forming a coalition government, getting the program from the IMF will be a big challenge for the new government, the uncertain political situation may cause a delay in the loan program, delay in funding from aid agencies and countries for political reforms. The process will be affected, and Pakistan’s external financial situation has improved.
