Macro Analysis /
Pakistan

Pakistan: IMF program resumes

  • Pakistan has successfully concluded staff level agreement with the IMF. This should help resume the stalled EFF program

  • All structural benchmarks under the review have been completed, some preconditions remain

  • Pakistan remains among the cheapest markets in the APAC region (forward P/E of just c.5.5x vs. LT mean of 9.0x).

Pakistan: IMF program resumes
Saad Ali
Saad Ali

Head of Research

Intermarket Securities
22 November 2021