‘No likelihood of default,’ Pakistan says it would repay exterior debt ‘on time’ | World Information

Pakistan’s Finance Minister Ishaq Dar mentioned the federal government will fulfill its exterior debt commitments together with the compensation of a sukuk bond that’s due within the first week of December.

“There isn’t a likelihood of default. Compensation will likely be completed on time,” he mentioned in a televised message on Saturday, including that preparations for debt repayments for subsequent 12 months have been completed “in precept.”

Dar estimated the nation’s present account deficit could be at $6 billion on the finish of June 2023, half that of an earlier projection. He mentioned the deficit is predicted to be lower than $400 million in October.

The finance minister additionally rejected the potential of gas shortages within the nation amid political uncertainty triggered by former premier Imran Khan’s months-long marketing campaign for snap elections to be held.

Khan introduced on Saturday he’ll maintain a rally in Islamabad on Nov. 26 because the final leg of the protest marketing campaign.

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