Karachi, Pakistan: The Pakistani rupee fell 1.3% to a record low of 288.5 against the US dollar on Wednesday, a day after former prime minister Imran Khan was arrested by the anti-corruption agency in Islamabad.
According to Tradeweb data, Pakistan’s international bonds declined by 0.4 cents on the dollar in the 2024 issue.
Bonds trade for short-dated maturities at about 49 cents on the dollar at deep crisis levels, while longer-dated ones change hands at about 33 cents.
Following the arrest, clashes broke out between Khan’s supporters and the police, in which at least one protester was killed. The Ministry of Interior has suspended mobile broadband services in the country.
According to Tradeweb data, Pakistan’s international bonds declined by 0.4 cents on the dollar in the 2024 issue.
Bonds trade for short-dated maturities at about 49 cents on the dollar at deep crisis levels, while longer-dated ones change hands at about 33 cents.
Following the arrest, clashes broke out between Khan’s supporters and the police, in which at least one protester was killed. The Ministry of Interior has suspended mobile broadband services in the country.