Apprehensions of Pakistan defaulting on debts 'over now', says PM Sharif

Apprehensions of a default by Pakistan on debt obligations are "over now", the country's Prime Minister Shehbaz Sharif said on Wednesday, adding that a staff-level agreement with the International Monetary Fund (IMF) "will be done soon".

The cash-strapped South Asian nation is expecting to unlock a $1.1 billion bailout package from the IMF, which will be critical in helping it avoid defaulting on external debt obligations.