Pakistan talks with IMF is important whatever election results may be: Bloomberg

NEW YORK (Online): Global Journal Bloomberg Asia Frontier Capital fund manager Rocher Desai has said that Pakistan either a majority government is formed in Pakistan or a coalition government Pakistan should stay in bail out program.

Rocher Desai said this while discussing the general elections in Pakistan.

He held that whatever the election results are, talks with the IMF is important for Pakistan,

He underlined the situation of Pakistan’s external debt is uncertain and unstable.

Frontier Capital fund manager Rocher Desai says that the government of Pakistan has to make several payments in the next 6 months, Pakistan needs a large long-term debt program, the Pakistan Stock Exchange is a much cheaper market than the global financial crisis.

According to Bloomberg’s manager, the price-to-earnings ratio of the Pakistani market is at its lowest level.

Manager Rocher Desai has said that interest rates in Pakistan may dip in the next 9 to 12 months