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LONDON/ISLAMABAD: The possibility of a political stalemate in Pakistan leading to delays in both reforms and crucial foreign funding has sparked a selloff in its international bonds and fuelled. ....
The possibility of a political stalemate in Pakistan leading to delays in both reforms and crucial foreign funding has sparked a selloff in its international bonds and fuelled analysts' fears of further economic misery for the country. Results coming in from Thursday's election saw an unexpectedly strong showing for independents - mostly supporters of jailed former prime minister Imran Khan - trailed by former prime minister Nawaz Sharif's Pakistan Muslim League-Nawaz (PML-N) and the Pakistan People's Party of Bilawal Bhutto Zardari. Sharif has already claimed victory, but his party remains far short of the necessary number of seats to form a government on its own. ....