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HomeEconomyBARCLAYS RETAIN OVERWEIGHT ON PAKISTAN, SUGGEST BUYING ON DIPS

BARCLAYS RETAIN OVERWEIGHT ON PAKISTAN, SUGGEST BUYING ON DIPS

20 February 2024: Barclays ne Pakistan par apna “overweight” rating barqarar rakha hai aur Bloomberg ke mutabiq, Eurobonds par default karne ka new Government ka koi irada na hone par kharidne ka suggestion diya hai.

Political noise continue rehne ka imkan he, lekin better foreign reserves ki wajah se wapas kiye jane wale risk barhne ke imkaan kam hain, Singapore mein credit strategist Avanti Save ne ek note mein likha.

Sharif-led Government ke liye, hum umeed karte hain ke sellection ke baad ke pehle 12 mahine kam uljhan se guzreinge. 

Dusri sorat mein, PTI-supported Government apni siyasi dore par zyada tawajjuh de gi. suggestion.

Yeh IMF se discussions mein delay kar sakti hai ya unko kam kar sakti hai. Magar, hume umeed hai ke Government apne Eurobonds par payments rokne ka faisla nahi karegi, unho ne izafa kiya.

Bonds bhi sellection ke natije ko rad karne par negativley tajziya karenge, lekin agar ek caretaker Government qaim ho jaaye toh stabilize ho jaayeinge.

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