Pakistan’s bond rally that broke out in Asia looks set to extend as market access returns
A foreign exchange dealer counts US dollar bills at a foreign exchange market in Karachi on July 19, 2022. — AFP Pakistan’s dollar bonds yield 24.5%, the highest in Asia. The return of the Eurobond in 2026 marks the return after almost five years. IMF-backed reforms, tax hikes support investor confidence. Pakistan’s dollar bonds are expected to extend their Asia-leading rally as recent credit rating upgrades and plans to re-enter global debt markets boost investor sentiment, according to Bloomberg. The government plans to issue yuan-denominated bonds later this year and return to the eurobond market in 2026 for the first












