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Pakistan’s dollar bonds were among the losers, down over 1-1.5 points across the curve after a senior bureaucrat said he helped rig the elections, a week after polls returned no clear winner. Liaqat Ali Chattha, commissioner of Rawalpindi said, “We converted the losers into winners, reversing margins of 70,000 votes in 13 national assembly seats”. Meanwhile several thousands staged rallies in other cities claiming that the vote was rigged. A six-party alliance led by the PMLN, which won 75 seats, and PPP, which won 54 seats is set to form the next government. However, as per official results, the PTI, the party of former Prime Minister Imran Khan, is said to have emerged as a clear winner of the elections.
Pakistan’s 8.25% 2025s were down 1.5 points to 83.72, yielding 20.65%.
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