Foreign Minister Bilawal Bhutto-Zardari stated that no lender, not even China, is currently discussing debt restructuring with Pakistan.The minister made his remarks in an interview with Nikkei Asia while on a trip to the US last month.China is known as Pakistan’s “all-weather friend” for a reason, according to FM Bilawal; but, at this time, debt restructuring is not being considered, although there have been discussions about loan deferments.
“Perhaps we have already discussed debt suspensions. But we haven’t enquired about restructuring with the US or anyone else “added he.The minister also discussed China’s involvement in Pakistan and the fact that debt will inevitably result from Pakistan’s northern neighbours’ rapid expansion of the nation.
