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Khan s Victory Set to Revive Bullishness in Pakistan Markets

Khan’s Victory Set to Revive ‘Bullishness’ in Pakistan Markets Bloomberg 3/8/2021 Faseeh Mangi and Ismail Dilawar (Bloomberg) Pakistan Prime Minister Imran Khan’s victory in a confidence vote in Parliament, gave a boost to his fragile government and may help lure investors to its equity markets. Khan got 178 votes from members of his Tehreek-e-Insaf party and allies in the 342-seat lower house National Assembly, proving majority, Speaker Asad Qaiser said in televised meeting in Islamabad on Saturday. His win may temporarily bring stability to the South Asian nation as its economy recovers from the pandemic-induced contraction with the help of the International Monetary Fund’s $6 billion loan program. With U.S. President Joe Biden urging allies to uphold democracy, stability in Pakistan is an advantage in the region, which is already reeling from a coup in Myanmar.

Khan s Victory Set to Revive Bullishness in Pakistan Markets

Khan s Victory Set to Revive Bullishness in Pakistan Markets
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