Pakistan ETF Plunges After New Government Asks for IMF Bailout
October 09, 2018 at 13:54 PM EDT
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...