Pakistan's outgoing government expects the economy will grow at the fastest pace in more than a decade in the coming fiscal year, but economists are doubtful. Standard Chartered Plc, Elixir Securities Pakistan Pvt. and BMA Capital Management Ltd. are among those that have downgraded growth forecasts, betting on a slowdown for the first time in six years.
ISLAMABAD (Reuters) - Reeling from clashes with the judiciary and hobbled by media restrictions linked to the powerful military, Pakistan's ruling party's once-wide path to retaining power is narrowing ahead of a general election this summer.
A period of pre-election political limbo coinciding with an increasingly perilous economic backdrop is prompting predictions that a rally in Pakistan stocks is set for a reversal. The benchmark KSE100 Index will probably fall 10-15 percent in the run-up to elections in July or August, said Muhammad Rameez, the head of international sales at Foundation Securities Pvt.