in

Pakistan set to repay or roll over $3.7 billion debt

“This should not be any cause of concern as arrangements have been made for the rollover/repayment of this debt,” the ministry said in a statement.

Pakistan’s economy has been in turmoil for months due to an acute balance of payment crisis, with its central bank reserves falling to cover just a month of controlled imports.

There have been concerns the South Asian country could face a default on its external payment obligations, especially if it fails to resume an IMF deal, which it has been trying to negotiate since February.


Source: Economy - investing.com

What to watch for in the Biden-McCarthy debt ceiling meeting

U.S. CPI ahead, Chinese trade data, Saudi Aramco dividend – what’s moving markets