Pakistan’s Foreign Debt of $130 Billion Not a Concern, Assures Ishaq Dar

Islamabad: In a recent address, Foreign Minister and Deputy Prime Minister Ishaq Dar reassured the public about Pakistan’s substantial foreign debt, stating, “If Pakistan has a foreign debt of $130 billion, don’t worry.”
Speaking at an event in Islamabad, Dar emphasized the inherent potential of Pakistan’s economy despite the high debt. He highlighted that the country possesses mineral resources valued at over $10,000 per person. Dar noted that the government’s primary agenda during the Pakistan Democratic Movement’s (PDM) tenure was to prevent the nation from going bankrupt. He also praised efforts to merge the stock markets, which were successfully combined during their 2016 administration.
Dar further assured that the Securities and Exchange Commission of Pakistan (SECP) would receive legislative support. He promised that the SECP would get the necessary cooperation from Parliament and that timely legal reforms would be implemented to enhance the commission’s operations. He commended SECP as a top-tier institution comprising skilled Pakistani experts and mentioned that necessary amendments to SECP laws would be made in consultation with the Ministry of Law.