Going to Paris Club for funds would be my last resort: Ishaq Dar

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ISLAMABAD: Federal Minister for Finance and Revenue Ishaq Dar Friday asserted that seeking debt relief from the bilateral Paris Club creditors would be his last resort, saying that agencies downgrade the rating of countries approaching the Paris Club.

“We plan on doing business and investors hesitate when countries seek relief from bilateral Paris Club creditors,” Dar said during Geo News’ programme “Aaj Shahzaib Khanzada Ke Saath.”

Earlier, Dar’s predecessor Miftah Ismail said the country was neither seeking nor there was any need for any relief from commercial banks or Eurobond creditors. “Given the climate-induced disaster in Pakistan, we are seeking debt relief from bilateral Paris Club creditors,” Miftah had said.

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