Published 2 years ago

Pakistan is not seeking debt relief from commercial creditors -finance minister

Summary by Ground News

Pakistan's bonds slumped to just half their face value on Friday after a United Nations development agency was urging the cash-strapped country to restructure its debt. "We are neither seeking, nor do we need, any relief from commercial banks or Eurobond creditors," finance minister Miftah Ismail said.

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Reuters

Pakistan is not seeking debt relief from commercial creditors -finance minister

Pakistan's finance minister said on Friday the government was not seeking any relief from commercial banks or Eurobond creditors, after destructive flooding prompted the South Asian nation to seek debt relief from bilateral lenders. "Given the climate-induced disaster in Pakistan, we are seeking debt relief from bilateral Paris Club creditors," finance minister Miftah Ismail said in a

2 years ago·United Kingdom

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Channel News Asia

Pakistan is not seeking debt relief from commercial creditors -finance minister

Pakistan's finance minister said on Friday the government was not seeking any relief from commercial banks or Eurobond creditors, after destructive flooding prompted the South Asian nation to seek debt relief from bilateral lenders."Given the climate-induced disaster in Pakistan, we are seeking debt relie

2 years ago·Singapore

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Bloomberg

Pakistan Seeks Relief From Bilateral Creditors, Not Bondholders

Pakistan is seeking debt relief from bilateral creditors and not from commercial bondholders, Finance Minister Miftah Ismail said hours after comments from the nation’s premier roiled its dollar bonds.

2 years ago·United States

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