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Reuters

Business

By Gibran Naiyyar Peshimam

Pakistan will 'absolutely not' default on debts despite floods: Finance Minister

Pakistan Miftah Ismail Flood Economy

FILE PHOTO: Flood victims use boats to reach their villages, following rains and floods during the monsoon season in Sehwan, Pakistan, September 16, 2022. REUTERS/Akhtar Soomro

Pakistan will "absolutely not" default on debt obligations despite catastrophic floods, the finance minister said on Sunday, signalling there would be no major deviation from reforms designed to stabilise a struggling economy.

Floods have affected 33 million Pakistanis, inflicted billions of dollars in damage, and killed over 1,500 people - creating concern that Pakistan will not meet debts.

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