Cash-strapped Pakistan has averted a default on its repayment of USD 1 billion against a matured international Sukuk (Sharia-compliant bond) three days ahead of schedule on Friday.
ISLAMABAD/KARACHI: Pakistan’s central bank said it made the payment for a $1 billion bond on Friday, dodging the risk of a near-term default even as worries linger over its ability to pay its.
Cash-strapped Pakistan has averted a default on its repayment of USD 1 billion against a matured international Sukuk (Sharia-compliant bond) three days ahead of schedule on Friday.
Pakistan successfully made a repayment of $1 billion against a matured international Sukuk (Shariah-compliant bond), three days ahead of schedule on Friday, dismissing the perception of its default on the payment, local media reported.As per .