Pakistan never defaults on its international payments, will fulfill its commitments: Dar.

ISLAMABAD -- Minister of Finance and Revenue Senator Muhammad Ishaq Dar Saturday ruled out any prospects of Pakistan being on verge of default over its international payments and reiterated that it would will never come close to it as it was committed to making all its payments on time without any delay.

In a video massage, he strongly rejected the baseless and irresponsible statements and rumors about the country's economy, saying that the government had arranged all international payments for the next one year.

The Finance Minister said that for the past few days, baseless and irresponsible rumors had been circulating about the country's economy just for the political objectives.

When these rumors were spread through social media and various sources, it not only affected Pakistan's economy and economic interests, but also impacted the affairs and transactions with their bilateral and multilateral partners, he opined.

The Finance Minister said that rumors were being spread that Pakistan would not be able to pay $1 billion sovereign bond (sukuk) in December. "This is baseless and contrary to facts, Pakistan has never defaulted on its international payments and will never come close to it," he maintained.

Rumors are also being spread about Pakistan's credit default swap, he said, adding that they had their own ambitions and formula with regard to credit default swap, this was a baseless thing and the speculations in this regard should be stopped.

The Finance Minister said that rumors were making rounds about the petroleum products which were also fake.

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