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From Zero to Hero: Pakistan Bonds Evoke Egypt’s Success Tale

  • Foreigners buy $342 million of local debt in July-September
  • Returns on Pakistan bonds approach policy rate of 13.25%
Devaluation Drags Pakistan Rupee to Bottom of Currencies
Photographer: Asim Hafeez/Bloomberg
Updated on

Global investors are piling into Pakistan’s local-currency bonds like never before.

Attempts at economic reforms, support from the International Monetary Fund and interest rates topping 13% make the nation’s fixed income attractive amid a surge in the world’s pool of negative-yielding debt.