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If The Pakistan Continues Current Economical Situation Will Default In Coming Five Years ; Bloomberg Reported

ISLAMABAD:  Pakistan currently economical situation causing biggest fear of being default where Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar said here Friday that Bloomberg has pitched Pakistan’s one year probability of default at a low of 10 percent.

In a tweet, the minister said the default probability was quite opposed to a highly dubious number of 93 percent circulated by an unscrupulous local political leader a few days ago.

The minister also shared on his twitter account the graph of Bloomberg’s Estimated Default Probability in Emerging Markets (One-year probability of default).

He said, Pakistan would continue to honor its all financial commitments on time.

“#Bloomberg pitches Pakistan current economical situation one year probability of default at a low of 10% as opposed to a highly dubious number of 93% circulated by an unscrupulous local political leader a few days ago. Pakistan will inshaAllah continue to honor its all financial commitments on time!” he tweeted

while also ishaq dar According to press statement issued by finance ministry, the discussion was made during the call on meeting of Chinese Ambassador with the minister. Special Assistant to Prime Minister on Finance, Tariq Bajwa, Secretary Finance and other senior officers of Finance Division also attended the meeting.

On the occasion, Dar shared the deep-rooted and brotherly relations between Pakistan and China and highlighted that both countries have historic and strong bilateral ties in various economic sectors.

He also highlighted the repercussions of unprecedented floods faced by Pakistan which have largely impacted the infrastructure, agriculture, lives and properties of the people.

The minister appreciated support given by the government of China during these testing times and shared that present government was taking various measures to ease the life of masses by ensuring fiscal and monetary stability.

The Ambassador assured his government’s sustained support to Pakistan in hour of need and shared that China stands with people of Pakistan in these hard times. He also thanked Government of Pakistan for giving facilitation to Chinese projects in Pakistan.

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