Pakistan Dollar Bonds Experience Decline Amid Escalating Tensions with India

London: Pakistani international bonds experienced a decline of approximately 1 cent following reported conflicts initiated by India in Pakistan and Azad Kashmir on Wednesday. This action was purportedly a response to the killings of tourists in April, leading to the most intense clashes between the two nuclear-armed nations in over two decades.

The 2036 bond witnessed a decrease of 0.9 cents, with a bid price of 72.477 cents, according to data from Tradeweb.