Pakistan impresses with triple tranche tap as IMF programme improves standing

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Pakistan impresses with triple tranche tap as IMF programme improves standing

Alamy_Pakistan_flag_575x375_7July2021
DYXWW3 The national flag of Pakistan | Alamy Stock Photo

The Islamic Republic of Pakistan returned to the bond market on Wednesday, raising $1bn in a triple part tap of its existing dollar bonds. Market participants say they are ‘impressed’ with the way reforms are headed in the South Asian country amid its International Monetary Fund programme.

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