Pakistan Set to Pay $1 Billion Bonds as Default Risk Persists
Pakistan will pay a $1 billion bond on Friday, dodging the risk of a short-term default, even as concerns persist about its ability to repay its long-term debt. The government plans to make payment on Sukuk dollar bonds due Dec. 5, three days before maturity, State Bank of Pakistan Governor Jameel Ahmad said at a […]
$1.17 billion tranche to be released in three to six weeks: IMF
The International Monetary Fund (IMF) has said its deal with Pakistan would lead to an “immediate” disbursement of $1.17 billion to the country. “It’s an agreement on a combined seventh and eighth review of the program. This will result in the disbursement of some $1.17 million to Pakistan. Pretty much, right away,” IMF Communications Director […]