IndustryAIJun 26, 2026
Barclays Backs WAPDA Bond and Lifts Pakistan Sovereign Debt to Overweight
Barclays has upgraded Pakistan's dollar-denominated sovereign bonds to 'overweight' and specifically recommended buying the 2031 WAPDA bond, reversing a downgrade issued just one month earlier. The move, driven by an improved oil market outlook and stronger external buffers, could ease fuel cost pressure on electricity bills across Pakistan.
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