Muhammad Ishaq Dar, Federal Minister for Finance and Revenue stated recently that Bloomberg has set Pakistan’s 1 year probability of being non payment at a low of 10%.
The finance minister stated in a tweet that the probability of being defaulted was quite highly doubtful with 93% as circulated by an reprobate local political leaders a few days back.
Ishaq Dar also shared the graph of Bloomberg’s Estimated Default Probability in Emerging Markets (One-year probability of default).
Dear said that it would be an honour for Pakistan to continue its financial commitments on time.
“Bloomberg pitches Pakistan’s one-year probability of default at a low of 10% as opposed to a highly dubious number of 93% circulated by an unscrupulous local political leader a few days ago. Pakistan will inshaAllah continue to honour its all financial commitments on time!” he tweeted.
