{"id":13026,"date":"2022-12-28T11:42:30","date_gmt":"2022-12-28T11:42:30","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=13026"},"modified":"2022-12-28T11:42:30","modified_gmt":"2022-12-28T11:42:30","slug":"pakistan-will-not-default-dar-assures-investors-while-conceding-economy-in-tight-position","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/pakistan-will-not-default-dar-assures-investors-while-conceding-economy-in-tight-position\/","title":{"rendered":"Pakistan will not default, Dar assures investors while conceding economy in &#8216;tight position&#8217;"},"content":{"rendered":"<p>Pakistan will not default, Dar assures investors while conceding economy in &#8216;tight position&#8217;. Finance Minister Ishaq Dar on Wednesday assured investors at the <a href=\"https:\/\/www.psx.com.pk\/\">Pakistan Stock Exchange<\/a> (PSX) that the country will not default but did admit that the economy was in a \u201ctight position\u201d.<\/p>\n<p>In his address, the finance czar said he always believed that Pakistan has a prosperous future and \u201cresilience\u201d in its economy. However, he lamented that it was unfortunate that the country has been brought to a point where it should not be.<\/p>\n<p>\u201cIt\u2019s been three months since I took charge and we listen every day that there is going to be a default. How will there be a default? There is no chance that Pakistan will default,\u201d the finance minister assured the investors.<\/p>\n<p>Dar assured that Pakistan would survive and is managing itself but conceded that the economy was in a \u201ctight position\u201d.<\/p>\n<p><em><strong>Read more:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/business\/pakistans-credit-default-swap-shoots-up-to-92-53-amid-political-unrest.html\">Pakistan&#8217;s credit default swap shoots up to 92.53% amid political unrest<\/a><\/strong><\/em><\/p>\n<p>He added that the country does not have the $24 billion reserves that the Pakistan Muslim League-Nawaz (PML-N) left in 2016 but that was not his fault.<\/p>\n<p>\u201cThe fault is in the system and we must ensure Pakistan goes forward,\u201d said the finance minister.<\/p>\n<p>Dar said that as soon as the country\u2019s bond payments came close a \u201crhetoric\u201d was started that Pakistan will not be able to fulfill its commitment. He added that despite the payment of the bonds the \u201cpseudo-intellectuals\u201d kept claiming.<\/p>\n<p>The rumours were started by the same people who brought Pakistan to this point, he lamented.<\/p>\n<p>\u201cBe conscious, do not listen to them. Disseminate information that Pakistan will not default. I can prove to anyone that Pakistan will not default,\u201d the finance minister maintained.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan will not default, Dar assures investors while conceding economy in &#8216;tight position&#8217;. Finance Minister Ishaq Dar on Wednesday assured investors at the Pakistan Stock Exchange (PSX) that the country will not default but did admit that the economy was in a \u201ctight position\u201d. In his address, the finance czar said he always believed that [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":11253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[7941,5423,3460,3461,138],"class_list":["post-13026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan","tag-investors","tag-ishaq-dar","tag-pakistan-stock-exchange","tag-psx","tag-pakistan"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/13026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=13026"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/13026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/11253"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=13026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=13026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=13026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}