Pakistan hopes to get $1bn debt relief from G-20 ...United Arab Emirates

Islamabad: Pakistan is hoping to get around $1 billion relief from G-20, the economic affairs ministry said. It will include $785 million worth of pause on principal loan repayments and the remaining on account of interest repayments. The G-20 finance ministers and central bank governors in a joint communiqué recently announced a final 6-month extension through December 2021 in Debt Service Suspension Initiative (DSSI) to help developing countries deal with the coronavirus pandemic. The debt relief will provide much needed fiscal space to mitigate the socio-economic impact of the COVID-19 pandemic and meet the urgent economic needs of the country, said Federal Minister for Economic Affairs

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Last updated : 14 April 2021 clock 08:30 AM

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Pakistan hopes to get $1bn debt relief from G-20 ...United Arab Emirates

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