Pakistan’s Dollar Bonds Plunge Amid Trump’s Tariff Threats: Worst Drop Since 2022
In a dramatic turn for global financial markets, Pakistan’s dollar-denominated bonds plunged by over 13 cents on Monday, marking the steepest single-day decline since early 2022—a drop not seen since Russia’s full-scale invasion of Ukraine. This sharp sell-off was triggered by renewed tariff threats from U.S. President Donald Trump, sending shockwaves across emerging and frontier … Read more