Imran Khan’s govt to face myriad challenges

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Paras Jahanzeb in “News Beat” covered these topics:
• The newly elected Pakistan Tehreek-e-Insaf (PTI), which is all set to form the federal government, would face gigantic economic challenges including stabilising the local currency and building the foreign exchange reserves.
• The PTI is well ahead in the general election winning majority of the national and provincial seats and will form its government in next few days. The country’s economic situation is deteriorating as the foreign exchange reserves are depleting due to widening of current account deficit and repayment of previous loans. The economic experts had already warned that newly elected government would approach International Monetary Fund (IMF) for bailout package to stabilise the external sector.
• The Pakistan Tehreek-i-Insaf (PTI), which is struggling to muster enough numbers in the Punjab Assembly to form a government in the province, is also faced with another dilemma: selection of a suitable candidate for the chief executive of the province. Out of Punjab’s 297 seats, the PTI has so far won 122 seats,