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Loans not being waived from Eurobonds and commercial banks: Miftah Ismail ATN News

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ISLAMABAD: (Web Desk) Federal Finance Minister Miftah Ismail says that loans from Eurobonds borrowers and commercial banks are not being waived.
Miftah Ismail wrote in a message on the social networking site Twitter that due to the climatic disasters Pakistan is facing, the debt will be waived from the creditors of the Paris Club on a mutual basis.
The Minister of Finance had to write that the loan from the borrowers of Eurobonds and commercial banks is not being waived. There is no need to waive the loan from commercial banks.
He further wrote that one billion dollars worth of bonds are due by December, which will be repaid on time.
In his tweet, Miftah Ismail wrote that by 2051, the debt of Pakistan Eurobonds is 8 billion dollars, a large part of the debt is from friendly countries.

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