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Pakistan’s Banking Sector Faces Rs 600 Billion Hit Due to Surge in Bond Yields

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New Delhi, April 13 (IANS) Pakistan’s banking sector is staring at a sharp balance sheet hit as a surge in bond yields is expected to wipe out over Rs 600 billion in revaluation reserves within a single quarter, a new report has said.A report in The Express Tribune said a rapid shift in the fixed-income market has eroded the cushion banks had built in recent quarters, effectively resetting the sector’s balance sheet strength.Moreover, secondary market yields rose by around 150 basis points b…