Pakistan Seeks Relief From Bilateral Creditors, Not Bondholders
- Finance minister comments after dollar debt roiled on Friday
- Repeats vow to repay $1 billion December dollar bond on time
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Pakistan is seeking debt relief from bilateral creditors and not from commercial bondholders, Finance Minister Miftah Ismail said hours after comments from the nation’s premier roiled its dollar bonds.
The South Asian country will repay on time its $1 billion sovereign bond due in December, Ismail said by text message in response to Bloomberg queries. A large portion of debt is in the form of deposits from “friendly countries” who have promised to roll them over, he added.