Dr. Ismail Offers Solutions to Fiscal, C/A Deficit Crisis
IsmailIqbal Securities arranged a conference call yesterday with Dr. Miftah Ismail, former Finance Minister, wherein he shared his views on the economic challenges facing Pakistan. Speaking about the balance of payments crisis, he said that currently the best solution is to take a loan from IMF. After getting IMF’s loan it’ll be easier for the country to issue Eurobonds or Panda Bonds. As for the fiscal deficit crisis, the former Minister was of the opinion that it will reach 5.5% of GDP this year, and that the easiest solution of the circular debt is to raise power tariffs. A longer term solution is to increase efficiency. He was of the opinion that inflation will reach 10-12% by the end of the year. He also expects GDP growth to be not more than 4.5% this year.
Ismail Iqbal Securities (Private) Limited (IISPL) is a TREC holder of the Pakistan Stock Exchange, as well as an SECP registered Underwriter and Book Runner. IISPL provides comprehensive financial services including Equity Sales, Research on Equities and the Macro-Economy, Investment Advisory, Portfolio Management, Corporate Finance, and extensive services for Private Equity investors. IISPL services a diversified client base, from Institutional to Retail Investors including High Net worth Individuals.
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