IMF: Imran Khan’s first economic examination

The first major test of PT will be whether whether the IMF is taken from the IMF package to end the pressure on the Pakistani currency. Since then, Pakistan's 12th bull will be the package

The first major test of PT will be whether whether the IMF is taken from the IMF package to end the pressure on the Pakistani currency. Since then, Pakistan’s 12th bull will be the package

Islamabad … News Time

The investors welcome Imran Khan’s success in the election however, the former cricketer is facing a tremendous test of execution of long-term reforms to deal with the currency crisis and to prevent economic outbreak. Imran Khan’s first major economic examination will be the decision whether whether the IMF package is taken from the IMF to end the pressure on the Pakistani currency. Since then, Pakistan’s 12th bull will be the package. Pleasing hard examinations to more people, eliminating the sub-deposits of government treasures. And to improve the government entities in the wages that are likely to keep the former governments sold. According to Salman Mania, head of the local brokerage house, the country’s situation is that the state can not be maintained for a long time. It’s not too long. In order to reduce the balance of payment in the $ 305 billion economy, Pakistan’s central bank has reduced the value of currency by 20 percent to 20 percent by now.

In 2013, due to such a situation, Pakistan had lured $ 6.7 billion from IMF. The growth rate of 5.8% growth in Pakistan’s current account is not going to reduce stress. The central bank is concerned about rising global oil prices. Pakistan imports 80% of its oil needs, while reservoir reserves have decreased to $ 16.4 billion in May 2017. Pakistan’s current account deficit has increased by 43 percent to $ 18 billion during the fiscal year ended June 30. The financial deficit has gone down to 6.8 percent of the economy.

Imran Khan said in his first speech that Pakistan faces its biggest economic challenge in its history. Our economy is getting weaker due to ineffective institutions. We have to improve our governance. If Imran Khan approaches the IMF, it is likely that he will ask for the expenses to reduce the financial deficit. By which their modern school and hospital will fulfill the promises to raise the quality of the poor. During his election campaign Imran Khan targeted the tax evasion of Pakistan. This culture is common in South Asia that only taxes one percent of the population tax. The increase in the taxpayers’ economy and Imran Khan, who have promised to fix the FBR in the first six months of the government, will have a great revolution.

According to analysts Imran Khan also promised to accelerate the anti-corruption campaign. Although it is a threat that big capital will go out of the country one more things will be paid attention to they have to reform in large government institutions, such as PIA and energy institutions, whose pre-government was for privatization. According to a research house, Pakistan’s long-lasting impression is on its side whether Imran Khan Governance can improve or not, or whether influential people are able to eliminate the culture of tax evasion or because it is increasing the burden on financially. In our report, in fact, the situation is almost the case for us that Pakistan approaches IMF so buy stocks in the stock market and sell the IMF loan before it’s over.

According to analysts, Imran Khan’s reforms will be promoted because of their stand against corruption; relations with their powerful army and judiciary are good. The performance of their expectations in the election means that they will be able to make the government together with such small parties which will be able to prevent them from reform.

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