Sharif's Ousting Returns Pakistan to a High-Risk Investor Play
- Country’s credit profile, currency threatened amid chaos
- But military’s prominent role in society unlikely to diminish
What Sharif's Ousting Means for Pakistani Stocks
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The ousting of Pakistan’s prime minister by the country’s top court dramatically raises the risk profile for investors and businesses in the tumultuous, but fast-growing South Asian economy.
The Supreme Court’s disqualification of Nawaz Sharif after a graft probe, prompting his resignation, poses big challenges to the country’s credit profile. As the stock market dipped on Friday, the court’s dramatic move diverted the ruling party’s attention to its survival, instead of the economy.