Pakistan debt relief requests won't include commercial creditors as country struggles following floods
Pakistani patients suffering from dengue fever, a mosquito-borne disease, are treated in an isolation ward, at a hospital in Lahore, Pakistan, Friday, Sept. 23, 2022. Pakistan has deployed thousands of additional doctors and paramedics in the country's worst flood-hit province to contain the spread of diseases that have killed over 300 people among the flood victims, officials said Friday. (AP Photo/K.M. Chaudary)
Pakistan's finance minister said on Friday the South Asian nation was seeking debt relief from bilateral creditors in the wake of devastating flooding but emphasised the government would not seek any relief from commercial banks or Eurobond creditor.
Pakistan's bonds had slumped to just half their face value throughout the day after the Financial Times said a United Nations development agency was urging the cash-strapped country to restructure its debt.
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