What makes life more tangled for the ruling alliance is Pakistan’s fragile economic situation.
He met the terms of the International Monetary Fund (IMF) to restart a $7.2 billion aid package that allowed him to end steep fuel price hikes and other subsidies within weeks of taking office.
Analyst Cyril Almeida believes that the Punjab outcome has essentially “raised the stakes through the IMF deal”.
“Had the PML-N won, the government would have been looking at a hike in electricity rates. Instead, markets have sunk on the back of palpable uncertainty.”
They said that if Imran Khan’s team comes back to power, they may even try to reestablish the PML-N’s deal with the IMF, which itself reestablishes the PTI’s current deal.
He said that, “The economy will be in deep trouble”.
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