Pakistan ‘will absolutely not default’: Dar

Finance Minister Ishaq Dar on Wednesday asserted that the country was not on the verge of a financial crisis and “will absolutely not default”. Dar’s remarks came amid growing fears of default, propelled by the country’s declining remittances and foreign exchange reserves. He praised his economic team for its “efforts and hard work”, pointing out that the country recorded a current account surplus for the months of March and April at $750 million and $18m, respectively.