Macro Analysis /

Pakistan Strategy - Reforms intact as IMF programme draws nearer

  • The KSE100 was weak in November on EM outflow and monetary tightening, which overshadowed the IMF staff level agreement.

  • Inflation is high and more Policy rate increases are likely, but a platform is in place for sustainable economic growth.

  • Pakistan can show a catch up rally vs. peer markets. The emergence of the Omicron variant does not alter this view.

Raza Jafri
Raza Jafri

Executive Director, Research

Intermarket Securities
30 November 2021