US based Investment banking company JP Morgan says Pakistan will not default on its payments.

The company said this in an article which was shared by Finance Minister Miftah Ismail in a tweet on Wednesday.

Quoting the article, the Finance Minister said Pakistan's bonds are a safe and smart investment.

He said due austerity and reform measures taken in the budget Pakistan's bonds are smart investment.

Meanwhile, Chinese Ambassador Nong Rong called on the Finance Minister in Islamabad today.

They discussed China-Pak economic cooperation in the meeting. 

Pakistan Will Not Default On Its Payments Says JP Morgan. With austerity and reform measures taken in the budget and since the budget, the IMF agreement and progress with other multilateral institutions, our bonds are a safe and smart investment. https://t.co/cJeq124cGL

— Miftah Ismail (@MiftahIsmail) July 27, 2022