Imran Khan on Economy IMF Deal Boosts Market
PTI founder Imran Khan was responding to queries from journalists at Adiala Jail during the hearing of the case.
“Do you agree, the government has stabilized the economy,” the journalist asked. “Government saved the economy from the verge of default,” Imran Khan responded.
Despite being saved from default, the economy is not prospering, Imran Khan added.
Pakistan evades default, revives market confidence: economists
In 2023, economic experts said Pakistan’s deal with the International Monetary Fund (IMF) saved the country from default and revived stock market confidence.
“The bullish trend in the market is expected to persist for at least 10 days. It will also boost the value of the Rupee, attract investment, save the country from default, and create space for a new government to tackle the crisis,” experts said in their comments.
“The deal with the IMF had been better than expectations,” Mohammad Suhail, an economic expert said. “It will also help the new government to tackle the crisis,” he added.
“A bullish trend could continue in the stock market for the next 10 days,” Abid Sulehri said. “Things are returning to normal after the agreement with the lender, which has also revived confidence of the investors,” he added.
“The IMF deal has created investors’ interest in buying, it will help the rupee to gain value. Pakistan’s rupee is expected to gain five to seven rupees in value against the US dollar,” another expert Samiullah Tariq commented.
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