Karachi [Pakistan], October 28 (ANI): The cost to safeguard Pakistan’s sovereign debt from default has reached a 13-year high at 52.8 per cent due to the rating downgrades and worries about debt restructuring among international investors over its ability to meet bond payments.
Pakistan’s risk of default, measured by the 5-year credit default swap (CDS), on Tuesday, spiked by 3.07 percentage points in a day and hit a 13-y
Pakistan’s risk of default spikes to 13-year high of 52.8 per cent
