Government Working on a Plan to Deal with Debt Liabilities, Ishaq Dar Interview to Bloomberg
In the next 12 months around $22 billion worth of debt is due, No plan to extend the maturity date for $1 billion bonds due to end in December.
Certain plans are under consideration like replacement paper but it is optional, and not mandatory Economic growth will be more than 2% projected by SBP Maybe over 3% but did not want to give a big hope.
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We don’t have luxury of physically spending foreign exchange as it is very scarce Rupee has been heavily undervalued Rise seen was due to speculation and some players in the market are responsible.
When assuming office these investors understand that I can fix things, I thank players who realized that the game at the cost of the national currency will not continue.
No specific moves are needed at this point to support the nation’s currency, Traders were sure that the new administration will sort the nation’s monetary challenges.
