Pakistan Central Bank Denies Debt Talks as Payments Will Be Made
- $900 million of sovereign debt to be paid this month
- Nation expects $2.3 billion of obligations to be rolled over
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Pakistan central bank Governor Jameel Ahmad denied officials were seeking debt restructuring talks as the South Asian country will pay $900 million of sovereign debt in June and expects $2.3 billion of obligations to be rolled over.
The government, which is deadlocked with the International Monetary Fund over a $6.7 billion bailout program, has already paid $400 million of debt earlier this month, Ahmad said at an analyst briefing in Karachi on Monday.