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Pakistan

Pakistan sovereign dollar bonds drop as election results trickle in

SINGAPORE: Pakistan’s dollar-denominated government bonds slipped by as much as 2 cents on Friday as election...
Published February 9, 2024

SINGAPORE: Pakistan’s dollar-denominated government bonds slipped by as much as 2 cents on Friday, as election results in the country slowly started to come in, with the main political parties tied neck and neck in early results.

The South Asian country is struggling to recover from an economic crisis while it grapples with rising militant violence in a deeply polarised political environment.

Disbursement of SBA tranche: Dollar bonds extend rally on IMF approval

Most of its sovereign dollar bonds slipped, with the September 2025 bond dropping to 85 cents on the dollar, according to Tradeweb data.

Meanwhile, Pakistan’s benchmark share index fell 3.4% in early trading on Friday, according to the stock exchange’s website.

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