Fitch predicts PMLN govt will remain in Pakistan for 18 months only
The report further says that Imran Khan will remain in custody for the next 2 years.
The American economic rating agency Fitch has predicted about Pakistan that the current government of Muslim League (N) will remain in Pakistan for 18 months.
Fitch Ratings Inc. is an American credit rating agency and is one of the “Big Three credit rating agencies”. It says the founding chairman of Tehreek-e-Insaf (PTI) Imran Khan will remain in custody for the next 2 years.
The Fitch report has predicted that the current government of Pakistan will do all the economic reforms in collaboration with the IMF. If the current government fails, the government of technocrats will come in Pakistan.
The report further said that the pressure of external payments is an economic risk for the economy of Pakistan. The rate of inflation in Pakistan may decrease by the end of this fiscal year.
The Fitch report about Pakistan also says that the government of Pakistan has set tough economic targets in the budget. The government wants to reduce the fiscal deficit from 7.4 percent to 6.7 percent.
According to the report, the State Bank of Pakistan (SBP) is expected to reduce the interest rate by the end of this financial year, the interest rate can be brought up to 14%.
The report of the world body said that the difficult economic decisions of the government of Pakistan are paving the way for the program with the International Monetary Fund (IMF).
The report said about the political situation that independent candidates won a big victory in Pakistan’s February elections, with the winning independent candidate having the support of the jailed PTI founder.
The protests against inflation in Pakistan’s cities could affect economic activity, and floods and droughts are economic risks for Pakistan’s agriculture.
The Government of Pakistan is in Big Trouble on Constitutional Amendments
On the other hand, Shehbaz Sharif government is facing strong opposition on the constitutional amendments which are necessary for its survival.
The government wants to give extension to Chief Justice Qazi Faez Isa but fails to get the numbers. So far, the government of Pakistan has not been able to present the constitutional amendments to the Federal Cabinet and Parliament.