© Reuters. A currency trader counts Pakistani rupee notes as he prepares to exchange dollars in Islamabad, Pakistan December 11, 2017. REUTERS/Karen Feroze
KARACHI, Pakistan (Reuters) – The Pakistani rupee slid 1.3 percent to a record low of 288.5 against the US dollar on Wednesday, a day after former prime minister Imran Khan was arrested by the anti-corruption agency in Islamabad.
Pakistan’s international bonds fell with the 2024 issue down 0.4 cents on the dollar, according to Tradeweb data.
Bonds are trading at very low levels between 49 cents on the dollar for shorter maturities while longer-dated bonds are around 33 cents.
After the arrest, clashes broke out between Khan’s supporters and the police, resulting in the death of at least one protester. The Ministry of Interior has suspended mobile broadband services in the country.