pakistan
Barclays upgrades Pakistan dollar bonds on economic stability
Key takeaways
- The British lender’s analysts said Pakistan’s external position has stayed unusually strong, prompting a more positive view, Bloomberg reported.
- The report said the economy is showing consistent stability.
- Barclays noted that multilateral and bilateral financial support for Pakistan is holding up.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize ISLAMABAD, June 24: Barclays has upgraded Pakistan’s dollar bonds to “overweight” a month after cutting them, citing better oil market prospects and stability in the economy, ARY News reported.
The British lender’s analysts said Pakistan’s external position has stayed unusually strong, prompting a more positive view, Bloomberg reported.
The report said the economy is showing consistent stability. Improved fiscal numbers, steady foreign exchange reserves, external buffers and moderate growth plus inflation have boosted investor confidence.
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