Business
Bloomberg’s good news for Pakistan's economy
According to the report, the price of Pakistan's bond for the year 2026 is currently at 77 dollars.
Washington: The US Broadcasting Corporation on Financial Affairs said that the elections in Pakistan have ended political uncertainty and increased investor interest in dollar bonds.
A Bloomberg report stated that investors' interest in Pakistan's dollar bond has increased. Pakistan's political situation has improved and now Pakistan's rating may also improve.
The report added that elections have ended political uncertainty and Pakistan's dollar bond has started to be considered good.
Bloomberg continued that policy concerns remain the same as last year, but may be alleviated by the deal of International Monetary Fund (IMF). Pakistan's dollar bond price is higher than the market.
According to Bloomberg’s report, Pakistan's bond price will also be affected by expectations of S&P's rating improvement. The market, however, will keep eyeing the selection of the cabinet. The IMF will continue to monitor the ability of cabinet members to meet the conditions.
According to the report, the price of Pakistan's bond for the year 2026 is currently at 77 dollars.
In another report, Bloomberg quoted Pakistani media as saying that Pakistan has met the requirements for the next tranche of the IMF program and could get a loan of $1.2 billion.