2025年巴基斯坦的主权债券在改革驱动的复苏和投资者信心中大幅升值24.5%。 Pakistan’s sovereign bonds soar 24.5% in 2025 amid reform-driven recovery and investor confidence.

巴基斯坦的主权美元债券今年上涨了24.5%,在信用评级升级、基金组织改革下财政纪律改善以及投资者信心恢复的推动下,超过了所有其他亚洲市场。 Pakistan’s sovereign dollar bonds have surged 24.5% this year, outperforming all other Asian markets, driven by credit rating upgrades, improved fiscal discipline under IMF reforms, and renewed investor confidence. 政府计划在2025年发行以人民币计价的熊猫债券,并于2026年返回欧洲债券市场,标志着从近乎违约的危机中复苏。 The government plans to issue yuan-denominated Panda bonds in 2025 and return to the Eurobond market in 2026, marking a recovery from a near-default crisis. 更强劲的外汇储备、成功的还债和政策明晰提高了市场情绪,主要资产管理人表示乐观。 Stronger foreign reserves, successful debt repayments, and policy clarity have boosted market sentiment, with major asset managers expressing optimism. 尽管区域紧张局势和能源成本持续带来风险,但分析人员预计,如果改革持续下去,将继续取得进展。 Despite ongoing risks from regional tensions and energy costs, analysts expect continued progress if reforms are sustained.