12 Hrs
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المشهد العربي
Pakistan raises $3 billion for economic stability
Pakistan successfully raised $3 billion through the issuance of high-risk bonds, divided into two tranches: one for five years worth $1.75 billion with a 7.75% yield, and the other for 10 years worth $1.25 billion with an 8.25% yield. This was achieved following positive credit rating upgrades from Moody's and S&P, reflecting growing investor confidence in the progress of the financial reforms implemented by the government. It also confirms the country's return to international bond markets after a brief hiatus, as part of its efforts to strengthen financial stability.
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