London: Pakistan will hold elections in October and former Prime Minister Imran Khan is expected to win. This has been said in a forecast by the Economist Intelligence Unit (EIU). According to the report, the Economist Group, the analysis division of the EIU, said that political stability and security in Pakistan are “vulnerable” and economic growth will “slow materially” in 2023. Reports say that there will also be political violence. Pakistan will hold national elections in 2023, where we expect Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) party to win due to widespread discontent with the ruling PML-N coalition, which is led by current Prime Minister Shehbaz Sharif. Are.
In its baseline forecast, the EIU predicted opposition victories in upcoming legislative elections in Pakistan and Thailand, saying the elections in both countries would be contentious with a risk of military intervention. Pakistan’s election is likely to be held in October after the end of the current parliamentary term in August, but could be held earlier given the worsening economic crisis. Shortfall in debt repayments and depletion of foreign exchange reserves means the country is on the brink of sovereign debt default.
The report says that averting this will require tough economic measures, including reducing imports. Reportedly, it says Khan (who is likely to win the election) will have little option (besides renegotiating with the IMF).
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