Articles for tag: bonds, Coal, forecasts, Goldman, Goldman Sachs, HUBCO, International Monetary Fund, Latest, rally, Sachs, SECMC, ties

February 17, 2024

KARACHI: Responding to Goldman Sachs’ forecast of a recovery in Pakistan’s US dollar eurobond, the top foreign bond maturing in April 2024 and others maintained an uptrend for the second consecutive business day on Friday. This marks a partial recovery from the roughly 5% drop following the post-election shakeup. In a story titled “Goldman Sachs sees end to Pakistan bond sell-off on IMF outlook”, Bloomberg reported on Thursday that “Goldman Sachs Group Inc says Pakistan’s dollar-denominated bonds will recover, overcoming a breakout electoral mandate, as the leaders of the emerging coalition understand the severity of the economic crisis and we

October 31, 2023

News Desk

Business

Pakistani rupee’s huge gains against the dollar will be short-lived: Goldman Sachs

A foreign exchange dealer counts US dollars in a shop in Karachi. — AFP/File The local currency made a remarkable comeback last month. The appreciation of the Pakistani rupee will likely be short-lived. Risk remains amid the possibility of unrest ahead of elections. The recent huge appreciation of the Pakistani currency against the US dollar will be wiped out amid funding gaps, Bloomberg Goldman Sachs Group Inc. said Thursday. The local currency made a remarkable comeback from its record low earlier last month, becoming the world’s best-performing currency in September due to a crackdown by authorities against hoarders and currency

Bonds rally according to Goldman Sachs forecasts

Pakistani rupee’s huge gains against the dollar will be short-lived: Goldman Sachs

Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success

Munir and Naqvi Join Makkah Pact Talks in Tehran

Iran Says the Border Is Open as Pakistan Ships LPG by Sea