Islamabad July 27 2022: “Finance Minister Miftah Ismail rules out the possibility of the south Asian nation defaulting after the IMF staff level pact” Ismail says in an interview with think-tank.
After a friendly country invests in listed state-owned companies, Pakistan will have a buyback option at current price +5%; government won’t transfer management control.
However, Ismail didn’t name the country.
“Pakistan imports at $3.76 billon as of July 25 and expects total shipments in the month at about $4.8 billion”, Ismail says in a separate Twitter post.
He expects July imports to be less than total exports and remittances in that month.
