YOUR GATEWAY TO INDONESIA AND SOUTHEAST ASIA
Search
xxx hd
No image

Pakistan’s default risk worsens, credit default swap spikes to 93 pc

Islamabad [Pakistan], November 23 (ANI): Pakistan’s credit default swap (CDS) spikes by 30 percentage points in a week to 92.53 per cent ahead of debt repayment, amid political unrest.
CDS touched an all-time high of 92.53 per cent on Monday, recording a one-session gain of 12.53 per cent, reported Pak vernacular media, Jang.
The increase in CDS indicates that there is a negative perception among international investors r