Economics
An Economic Crisis Awaits Pakistan's New Leader Imran Khan
- Dwindling reserves may push new leadership to seek IMF bailout
- Former cricket star claims victory in federal election
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A new government under Pakistan’s incoming leader Imran Khan will need to move quickly to tackle a brewing economic crisis.
The former cricket star’s party claimed victory in Wednesday’s election after results showed it had the most votes. Khan said in a televised address he’ll focus on improving the lives of the poor and fighting corruption. Stocks rallied on Thursday, with the KSE100 index gaining 0.9 percent at noon in Karachi. The rupee was little changed at 128.05 against the dollar.