The Minister of Finance and Revenue, Ishaq Dar, dismissed the county’s speculations of default and oil shortage.
Ishaq Dar has explicitly rejected rumors of a failure to pay one billion dollars on Sukuk bonds maturing on the fifth of the following month.
The finance minister, via video link, termed the speculation baseless and politically motivated and said Pakistan would not default on its financial obligations.
Dar assured that the $1 billion in international bonds would be made on schedule.
“We have never defaulted before. We will not even be close to default. Let me clarify that the bond will be paid, and there is no delay in this, and even arrangements have been made in principal for upcoming payments in the next year,” he promised.
Dar urged People should stop spreading rumors about growing danger.
Regarding the expanding credit deficit swap, Dar encouraged individuals not to propagate “unsubstantiated rumors” about the risk element.
