Averting default; Pak pays USD 1 billion Sukuk bond before schedule
Cash-strapped Pakistan has averted a default on its repayment of USD 1 billion against a matured international Sukuk (Sharia-compliant bond) three days ahead of schedule on Friday. The Express Tribune reported on Saturday that as per the actual schedule, the country was to return the maturing investment in the US dollar-denominated global bond on December … Read more