“We will bring interest rates down,” he said. He did not explain how he would tame price pressures while also cutting rates.
“I hope the speculators will stop. I think they have already got it and we are seeing the rupee rising,” he added. “No one will be allowed to play with the Pakistani currency.” The premium demanded by investors to hold the bonds blew out to record levels, with the sovereign spread over US Treasuries widening to 2,442 basis points on the JPMorgan EMBI Global Diversified index.so the way I would put it is that likelihood is now significantly higher,” said Carl Ross, a partner at investment firm GMO.
In 2017, he had been facing corruption charges he says were politically motivated, but last week an anti-graft court suspended warrants for his arrest, enabling his return.“I told the court that my passport was revoked,” Dar said.