Political Strife Threatens Even Bigger Losses in Pakistan Assets
- Key that political events don’t impact IMF discussions: Tundra
- Rupee may further decline to 275/USD by end-December: IGI
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The specter of political uncertainty delaying the International Monetary Fund’s support for Pakistan is unnerving investors, risking further losses in the nation’s bonds and currency.
The rupee and the country’s dollar bonds are setting fresh record lows and Pakistan’s stocks are among the worst performers in Asia this month as the clock counts down to a $1 billion bond payment due in December.