Wednesday, 28 August 2013

Rescue scheme: Govt to borrow $12 billion to retire previous debts

Financ­e minist­er insist­s fresh loans will not increa­se the overal­l debt stock.  The loans would protect the government against international debt obligations for three years, says Finance Minister Ishaq Dar.
ISLAMABAD: 
In a bid to avoid a potential financial default, Pakistan will seek $12 billion in loans from international financial institutions to retire its previous debts and to try its luck with international and domestic bond markets to finance its

Read more ...

No comments:

Post a Comment