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Pakistan will not Default: Dar

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Finance Minister Muhammad Ishaq Dar has categorically dismissed rumours about failure to pay one billion dollars against Sukuk bonds which will mature on the 5th of next month.

In a televised statement on Saturday, the Finance Minister said Pakistan will not default and will meet its upcoming one billion dollar bond payments. He said Pakistan had never defaulted before, and we would not even be close to default.

Ishaq Dar said we would pay the bond and the upcoming payments next year. He said rumours are being spread for political purposes, and these people should refrain from speculations and irresponsible statements.

Talking about the fuel reserves in the country, he said Pakistan has enough funds for petrol and diesel and speculations on the issue are baseless. Ishaq Dar urged the people to think for Pakistan beyond their political affiliations and avoid assumptions.

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