• search

Pakistan's borrowing from international markets likely to increase

Written by: Staff

ISLAMABAD, Mar 20: Yawning external deficits are likely to increase Pakistan's borrowing from international markets and lead to a further weakening in the rupee, analysts said ahead of a sovereign dollar bond issue on Thursday.

Officials say the upcoming issue is designed to build a benchmark yield curve, but economists note the money is needed to cover a burgeoning import bill caused by rapid economic growth and high oil prices.

With imports climbing at a record pace, the country's current account deficit ballooned to

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more