Tag: confidence
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Pakistan’s default risk hits a 13-year-high, reflecting foreign investors’ lack of faith
The risk of default for Pakistan, as determined by the 5-year credit default swap (CDS), increased on Tuesday by 3.07 percentage points in a single day to reach a 13-year high of 52.8 per cent, indicating that foreign investors no longer have confidence in the nation. Before the Covid-19 outbreak in Pakistan in February 2020,…