SBP Governor says that Pakistan has enough dollars to remain stable and avoid default position that everyone fears
Governor of State Bank of Pakistan (SBP), Jameel Ahmed assured the nation that Pakistan has enough dollars in its reserves to meet foreign debt obligations.
Recently an event took place at Institute of Business Administration (IBA) where SBP governor was present, and he addressed the press on the side-lines of the ceremony.
He spoke to the press and said, “Our reserves are over $7.9 billion. They’re more than sufficient to meet any obligations.”
He further mentioned that there is no reason to worry about the shortage of foreign exchange liquidity.
However, the reality and credit default swap (CDP) suggests something different. It claims that Pakistan is at a default risk.
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