Vote of Confidence on PM Khan to attract investment in Pakistan: Bloomberg

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A New York-based international news agency Bloomberg says Prime Minister Imran Khan’s vote of confidence in the National Assembly gave a boost to his government and may help lure investors to its equity markets.

In a dispatch on Prime Minister Khan’s victory, Bloomberg said it could help Pakistan recover economically from the pandemic-induced contraction with the help of the International Monetary Fund’s six billion dollars loan programme.

The agency said with US 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.

It noted that the KSE-100 Index has risen about 68 percent since March 25, 2019 when countries went into lockdown.

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