Pakistan Commits to Make Bond Payments, Not Seek Debt Relief
- New finance minister seeks to ease debt payments concerns
- Rupee is world’s top performer since finance chief appointment
Source: AFP/Getty Images
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Pakistan is committed to meet its all bond obligations on time, while dropping a plan to seek debt relief from rich countries after its rating was cut deeper into junk by Moody’s Investors Service, its finance minister said.
The South Asian nation reiterated it will pay its $1 billion global bond maturing in December, Ishaq Dar, who was appointed the finance chief two weeks ago for the fourth time, said at a news conference on Sunday.