Pakistan will not default, assures Dar


Finance Minister Ishaq Dar on Saturday assured that Pakistan would not default and would be able to meet its upcoming $1 billion dollar bond payments in December.

Addressing a press conference through video-link, the finance czar maintained that he was aware of rumours that the country would be unable to pay $1 billion in the first week of December against the maturity of the five-year Sukuk (Islamic) bonds.

“We have never defaulted before. We will never even be close to default,” he stated, categorically saying that there will be no delay in the payment and that arrangements were already made for upcoming payments in 2023.

He added that no one should be concerned regarding the payments.

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