Pakistan bond sell-off to end with IMF support, Goldman Sachs says

MG News | February 16, 2024 at 10:13 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

February 16, 2024 (MLN): Goldman Sachs Group Inc. says Pakistan's dollar bonds will rebound, overcoming a fractured election mandate, as the leaders of the emerging coalition understand the gravity of the economic crisis and will work together to secure International Monetary Fund aid, as Bloomberg reported.

The South Asian nation's bonds rallied Thursday, led by notes maturing in April 2024, after the third-biggest group in the new parliament pledged support for former Prime Minister Shehbaz Sharif to take office again.

Sharif already has a track record with the IMF, having obtained a nine-month, $3 billion program from the multilateral lender last June.

The latest bond gains helped pare post-election losses that had reached 5% amid a split verdict.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	176,042.99 193.07M	-0.89% -1580.90
ALLSHR	106,543.54 571.47M	-0.86% -928.73
KSE30	52,633.98 71.23M	-0.94% -497.58
KMI30	248,057.23 87.97M	-1.10% -2757.70
KMIALLSHR	68,278.27 270.12M	-1.01% -693.22
BKTi	50,261.24 15.66M	-1.00% -508.23
OGTi	34,601.37 3.78M	-1.14% -397.75

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,040.00	64,755.00 63,520.00	170.00 0.27%
BRENT CRUDE	90.17	91.06 86.35	6.08 7.23%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.50 -0.47%
ROTTERDAM COAL MONTHLY	119.90	120.00 119.90	0.25 0.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	84.55	85.57 79.92	5.29 6.67%
SUGAR #11 WORLD	14.55	14.79 14.49	0.00 0.00%