Pakistan will be prevented from default: Faiz Ul Haq.

ISLAMABAD -- Senior Economist Faiz Ul Haq has said that friendly countries and international powers will not allow Pakistan to default because it is in no way in their interests that a country with a massive population of 230.1 million and strategically located falls into a sinkhole of anarchy due to economic un-viability. Addressing a seminar of international commerce reporters, he, however, added that it would be necessary for Pakistan to adhere to IMF's fiscal discipline so that four big friendly countries feel confident enough to announce their respective bailout packages- namely, Saudi Arabia, China, UAE and Qatar. Senior Economist Faiz Ul Haq said that the packages of friendly countries would include deposits in the State Bank, debt restructuring, refinancing...