Dollar bonds jump on revised budget passage - Business Recorder
Shorter-dated securities see biggest gains with the 2024 bond adding more than 3 cents before retracing some of the gains
Source: brecorder.com
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Shorter-dated securities see biggest gains with the 2024 bond adding more than 3 cents before retracing some of the gains
They are still at deeply distressed levels of just under 53 cents
Budget review comes after PM met IMF MD over the weekend
Pakistan Prime Minister Shehbaz Sharif held a phone call with IMF Managing Director Kristalina Georgieva on Tuesday during which he expressed hope that the global lender would announce a decision on the release of the bailout fund within a day or two.
(This story has not been edited by THE WEEK and is auto-generated from a PTI