Pakistan Finance Minister tries to calm creditor fears after PM pleads for debt relief 

Pakistan Finance Minister tries to calm creditor fears after PM pleads for debt relief 

2 days ago

NEW DELHI - Pakistan on Friday tried to calm creditor fears after Prime Minister Shehbaz Sharif made a desperate plea for "substantial debt relief" from rich countries. "Given the climate-induced disaster in Pakistan, we are seeking debt relief from bilateral Paris Club creditors. We are neither seeking nor do we need any relief from commercial banks or Eurobond creditors," Finance Minister Miftah Ismail said on Twitter. "We have a US$1 billion bond due in December which we will pay on time and in full. We have been servicing all our commercial debt and will continue to do so," he said.

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