Business

Pakistan Secures $1.1 Billion IMF Loan to Avert Default

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Pakistan’s dollar bonds due in December were indicated 0.4 cent higher at 94.44 cents on the dollar on Tuesday, and the benchmark KSE-100 Index rose as much as 1.3%. Meanwhile, bonds due in 2031 were still quoted at below 60 cents on the dollar in distressed territory, as investors remain wary of the longer-term fiscal stability. 



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