Islamabad, December 21, 2020 (PPI-OT): Pakistan has entered into negotiations with 21 creditor countries for debt suspension amounting to 1.7 Billion dollars. To this effect, debt rescheduling agreements were signed in Islamabad today (Monday) with France, Switzerland and China which was witnessed by senior embassy officials of these countries.
Taking advantage of Debt Service Suspension Initiative announced by G20 with Paris Club Creditors, Pakistan has successfully negotiated and concluded rescheduling agreements with 19 bilateral creditors, including members of the Paris Club.
Secretary Economic Affairs Division appreciated the debt suspension support provided by the G20 and Paris Club countries and said it was timely and had helped Pakistan save lives and livelihoods of millions during the difficult COVID-19 times. The G20 countries, together with the Paris Club creditors had announced this initiative to provide much needed fiscal space to stressed countries in their fight against COVID-19.
For more information, contact:
Ministry of Information and Broadcasting
Government of Pakistan
4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan
Tel: +92-51-9103557
Email: info@moib.gov.pk
Website: http://www.moib.gov.pk