Macro Analysis /

Pakistan: Market outlook – Painful path to recovery

  • Pakistan inched closer to the IMF programme but heavy corporate taxation in the budget dragged the KSE100 lower

  • Political noise has reduced but risks remain. Positive developments include better relations with the West

  • Risks may largely be in the price. The resumption of the IMF programme is likely in July and should help prevent default

Raza Jafri
Raza Jafri

Executive Director, Research

Intermarket Securities
30 June 2022


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