Pakistan’s USD bonds are failing to rebound after the nation resumed its deal with the IMF as devastating floods drag on the nation’s economic outlook. The country’s USD bonds due 2031 hovered around 48.5 cents per USD after touching the lowest since mid-July on Wednesday. Meanwhile, the nation’s currency fell about 0.9% against the USD on Thursday to 234.20. According to a Bloomberg Intelligence economist, the country’s gasoline tax hike will add to price pressures, warning inflation will climb to an average of 27.5% in the year ending in June 2023.