Pakistan’s bond rally may extend into 2024 contingent on another IMF bailout: report – Markets

Investors believe Pakistan’s dollar bonds will rally for a second year as the government is expected to secure another bailout from the International Monetary Fund (IMF), reported Bloomberg on Wednesday.

UBS Asset Management and William Blair Investment Management see its bonds remaining attractive after almost doubling in 2023, the report said.

Suleman Rafiq Maniya, an independent wealth…