Pakistan will ‘absolutely not’ default on debt obligations

Pakistan will 'absolutely not' default on debt obligations

Pakistan will 'absolutely not' default on debt obligations. Image: Saigh Anees/

Despite the horrendous floods, Pakistan’s Finance Minister, Miftah Ismail, confirmed he will not deviate from his obligations.

On Sunday, September 18, the Finance Minister told Reuters: “The path to stability was narrow, given the challenging environment, and it has become narrower still.”

“But if we continue to take prudent decisions, and we will, then we’re not going to default. Absolutely not.”

The Finance Minister added: “Yes, there has been a substantial loss to the very poorest people and their lives will never be made whole again.”

“But in terms of servicing our external and local debt, and being micro- macro-economically stable, those things are under control.”

The devastating floods have killed over 1500 people, they have affected 33 million Pakistanis and created billions of pounds worth of damage.

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Anna Ellis

Originally from Derbyshire, Anna has lived in the middle of nowhere north of Alicante on the Costa Blanca with her family for 19 years. She is passionate about her animal family including four dogs and four horses, musicals and cooking. Anna is a news writer for the EWN Media Group taking particular interest in the Costa Blanca South area and Almeria. Share your story with her by emailing