Shhebaz govt to last for 1.8 years, Imran to remain behind bars: Fitch Ratings

Islamabad: The International credit rating agency Fitch has predicted that the current Muslim League government of Pakistan will remain in power for 18 months, and the founder of Pakistan Tehreek-e-Insaf (PTI) Imran Khan will remain in custody for the foreseeable future.

The economic rating agency Fitch has issued a report on the political and economic situation of Pakistan, according to which the inflation rate in Pakistan may decrease by the end of this fiscal year. Pakistan's economic growth rate may reach 3.2 percent this fiscal year.

According to the report, the State Bank of Pakistan (SBP) is expected to bring down the interest rate by 14 percent by the end of this financial year.

Fitch has predicted in its report that the government of Pakistan has set the most difficult economic targets in the budget. The government of Pakistan wants to reduce the fiscal deficit from 7.4 percent to 6.7 percent. The tough economic decisions of the Government of Pakistan are paving the way for the program with the IMF.

The report stated that external payment pressure is an economic risk for Pakistan's economy, and floods and drought are economic risks for Pakistan's agriculture.

According to Fitch, independent candidates won big in Pakistan's February election. They had the support of the jailed founder of PTI. The demonstrations in Pakistan's cities may affect economic activity.

The report predicts that the current government along with the IMF will carry out all the economic reforms. If the current government ends, a technocrat government will come into power in Pakistan.