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(Bloomberg) Pakistan’s two old-guard political parties agreed to form a government, a move that breaks an almost two-week deadlock and likely keeps jailed former premier Imran Khan’s party out of government even though it won the most seats in the country’s contentious election.Most Read from BloombergCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Your 401(k) Will Be Gone Within a DecadeLargest Covid Vaccine Study Yet Finds Links to Health ConditionsStocks Fall Before Nvid
A new administration will have to shore up an economy battered by Asia’s fastest inflation, running at 28%, and negotiate a new loan with the International Monetary Fund after the current program expires in April.
The move breaks an almost two-week deadlock and likely keeps jailed former premier Imran Khan’s party out of government even though it won the most seats in the country’s contentious election.