Pakistan’s rupee witnessed a significant surge due to the optimism surrounding the IMF bailout, which is expected to increase the demand for the nation’s assets. The rupee advanced 4% to 274.5 per USD on Tuesday, while the country’s dollar bonds due 2031 continued to rise. The financial support from the IMF is boosting investor sentiment, but there are concerns about the government’s ability to fulfill the conditions of the loan. Previously, the IMF halted a USD 1.1 bln loan due to Islamabad’s failure to meet some requirements.