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اردو

Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print Print 2023-04-15

Dollar-denominated govt bonds firm after UAE cash pledge

Reuters Published April 15, 2023

LONDON: Pakistan’s dollar-denominated government bonds rose by more than 2 cents to highest level in a month on Friday after the United Arab Emirates has confirmed financial support of $1 billion.

The support pledge, confirmed by Pakistan’s finance minister on Friday, removes key hurdle to securing a much-awaited bailout tranche from the International Monetary Fund (IMF).

Pakistan looks to issue US dollar-denominated Sukuk bonds

The dollar-denominated 2024 maturing bond rose by 2.25 cents on the dollar to 48.25. Sign-off on the IMF staff-level pact has been delayed for months, and Pakistan needs the release of a $1.1 billion payment tranche to resolve an acute balance of payments crisis.

Pakistan Economy uae IMF Dollar US dollar USD IMF and Pakistan financial support government bonds

Comments

Comments are closed.

Tulukan Mairandi Apr 15, 2023 10:30am

A $48 bond rises by a measly $0.025 when UAE gives $1b pledge. It means that the market knows that neither UAE nor anyone can save Pakistan from default and balkanization.

Recommended (0)

Pakistani1 Apr 15, 2023 02:52pm

@Tulukan Mairandi, in their quest to appear neutral, Business Recorder is allowing people with ill feelings for Pakistan to spread venom in a respectable Pakistani newspaper. Try putting a negative comment about India in an Indian newspaper and your comments will never be published.

Recommended (0)

Eoroni Jala Apr 15, 2023 04:17pm

@Pakistani1, but frankly, a 2 cent increase on a $48 paper is not even news-worthy!

Recommended (0)

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World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	279.17
USD PKR Interbank Buying / Jan 30	278.97
USD to Japanese Yen / Jan 30	154.32
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

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S&P 500 / Jan 30	6,071.17
India Sensex / Jan 30	76,759.81
Tokyo Nikkei / Jan 30	39,513.97
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
FTSE 100 / Jan 30	8,646.88
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20

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Crude Oil USD/Barrel / Jan 30	72.99
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
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