The International Monetary Fund (IMF) is assessing potential financial risks across countries as uncertainty surrounding the ongoing Iran conflict continues, according to a report published on Wednesday. The institution is reportedly running various scenarios to identify economies that may require fresh financial support if the conflict prolongs. Read More: IMF, Pakistan fail to reach staff-level […]
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Govt trims PIB yields amid strong demand
KARACHI: The government on Wednesday raised Rs546 billion through the sale of long-term Pakistan Investment Bonds (PIB) while sharply reducing cut-off yields by up to 70 basis points, pointing to expectations of lower interest rates ahead. Strong participation kept the borrowing within the Rs450bn auction target, although the government also secured additional sums through non-competitive […]