ISLAMABAD – Pakistan sold $2.5 billion dollar bond in a key test ofinvestor sentiment after the resumption of $6 billion bailout program withthe International Monetary Fund (MF).
The debt deal comes amid a flurry of developments in recent days, asPakistan’s economy grapples with continued fallout from the pandemic.
Prime Minister Imran Khan named Hammad Azhar new Finance Minister onMonday. The IMF released about $500 million to Pakistan as the lender’sboard completed certain reviews of a $6 billion bailout program, accordingto a statement last week.
