Pakistan ETF Plunges After New Government Asks for IMF Bailout
This article was originally published on ETFTrends.com.
Pakistan markets and country-specific ETF retreated Tuesday after the government said it is requesting a bailout from the International Monetary Fund to rein in a ballooning trade deficit and falling foreign exchange reserves. The Global X MSCI Pakistan ETF (NYSEArca: PAK) declined 4.4% Tuesday and plummeted 21.0% year-to-date. The new government under Prime Minister Imran [...]