News Pakistan Interest: Pakistan set to raise interest rates in off-cycle review, say investors
KARACHI, Pakistan (Reuters) -Pakistan's central bank is set to raise interest rates as early as this week in an off-cycle review, investors said, as the South Asian nation faces pressure to mend its finances while seeking a $1 billion loan from the International Monetary Fund. Market participants in a recent treasury bill auction are expecting at least a 200 basis point increase in the central bank's policy rate, which stands at 17%. The expected increase is based on rates the Pakistan government set in the auction to raise domestic debt.
News Pakistan Interest: ADB urges Pakistan to cut guarantee reliance in future Panda Bonds, link issuances to reforms
Bank calls for Sustainable Financing Framework to be embedded in PSDP and lower guarantee coverage after $258 million debut bond draws orders exceeding five times issue size ...
News Pakistan Interest: Pakistan raises $1 bn through Islamic bond at record interest to keep forex reserves afloat
Pakistan has raised a whopping USD 1 billion loan through the Sukuk bond at a record 7.95 per cent interest rate, the highest cost that the cash-strapped country has agreed to pay in its history on an ...
