Sovereign Analysis /
Pakistan

State Bank of Pakistan provides rosy economic outlook

  • We hosted a call with the State Bank of Pakistan and Deputy Governor Dr Murtaza Syed

  • The policy bias has shifted to tightening to preserve the ongoing recovery amid strong growth and a weakening BOP

  • The reform story is still positive, with IMF programme resumption reportedly imminent; we maintain Hold recommendation

State Bank of Pakistan provides rosy economic outlook
Patrick Curran
Tellimer Research
4 November 2021
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