Singapore May 13 2024: Investment opportunities in fixed income assets and further room for the country’s eurobond to rally are emerging with the significant gains in macro stabilization, according to a research note by Citigroup.
Authorities could finalize a 4-year $7b-$8b debt package with the International Monetary Fund by July as they seem recognizing the need for additional financing from other than bilateral partners.
There is sufficient political stability, at least for the n. 6-9 months, for Pakistan to stay the course.
Relatively sooner announcement of Saudi investment with expected visit of Crown Prince Mohammad Bin Salman to Islamabad this month could be a positive catalyst. State Bank of Pakistan likely to start a cautious easing cycle in June.
