Averting Default, Pakistan Pays $1 Billion Earlier than Schedule: Report

Islamabad: Money-strapped Pakistan has averted a default on its reimbursement of USD 1 billion towards a matured worldwide Sukuk (Sharia-compliant bond) three days forward of schedule on Friday.The Specific Tribune reported on Saturday that as per the precise schedule, the nation was to return the maturing funding within the US dollar-denominated international bond on...

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Pakistan repays $1 billion worldwide bond, central financial institution spokesman says

ISLAMABAD, Dec 2 (Reuters) - Pakistan repaid a $1 billion worldwide bond, the central financial institution spokesman mentioned on Friday, amidst rising uncertainty concerning the nation's means to fulfill exterior financing obligations.The South Asian nation's economic system has been beset by a number of crises, together with the fallout of devastating floods that killed 1,700 individuals, low international alternate reserves and a long time excessive...

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Pakistan to repay overseas debt, previous dues

islamabad [Pakistan], December 3 (ANI): Pakistan is scheduled to repay the overseas debt over the 12-month interval and the previous dues.In accordance with The Categorical Tribune citing Optimus Capital Administration, Pakistan is scheduled to pay the overseas debt and bear debt servicing prices price USD 26.3 billion over the 12-month interval (November to October).“The...

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