Pakistan’s dollar bonds fall amid election uncertainty

Author: Reuters

Pakistan’s sovereign dollar bonds extended losses to more than 5 cents, Tradeweb data showed on Friday, as both Imran Khan and Nawaz Sharif claimed victory in neck-and-neck results from Thursday’s elections in the debt-laden nation. All of its sovereign dollar bonds slid, with the September 2025 maturity falling the most, shedding just over 5 cents to trade at 82.4 cents on the dollar by 0751 GMT. Vote counts were delayed, which the government attributed to its decision to suspend mobile phone services for security reasons. Analysts have warned there could be no clear winner, which could make it more difficult for the south Asian nation to claw out of its economic crisis.

FacebookTwitterLinkedinWhatsappEmail
Share
Leave a Comment

Recent Posts

  • Trending

UAE launches new multi-entry visit visa: Key details revealed

The United Arab Emirates has launched a new multi-entry visit visa aimed at offering increased…

4 hours ago
  • Pakistan

PM says no negligence will be tolerated in preparations of Hajj 2025

Prime Minister Shehbaz Sharif on Monday reviewed preparations for Hajj 2025, directing that no negligence…

4 hours ago
  • World

Trump promises harsh immigration crackdown on inauguration eve

Donald Trump told thousands of roaring supporters he would impose severe limits on immigration on his…

4 hours ago
  • World

Israel’s move to ban UN’s aid agency for Palestinians would be ‘catastrophic’: Top official

The head of the United Nations agency that assists Palestinian refugees, UNRWA, has warned that…

4 hours ago
  • Pakistan

Trial under Army Act; hearing postpones for non-availability of Bench

Constitutional Petition regarding Trial of Civilians under Army Act was fixed for hearing today (Monday,…

4 hours ago
  • Top Stories

21 Pakistani nationals rescued off Moroccan coast: FO

Based on verified information, twenty-one Pakistani nationals have been identified among the survivors of a…

4 hours ago