The global debt payments suspension initiative by the G-20 countries has provided temporary relief of around $3.68 billion to Pakistan.
As per details, Pakistan and France have inked an agreement deferring payment of $107million. The agreement was signed by the Secretary of Economic Affairs Division, Mian Asad and France’s envoy Nicolas Galey.
The press statement released by the Economic Affairs Division stated that Pakistan has also inked loan deferred agreements with G-20 countries worth $3.68 billion. The loan amount was to be paid between July to December 2021.
Meanwhile, the Pak-IMF deal providing Pakistan with the $1 billion loans is expected to be sealed today as IMF plans to hand over Pakistan the economic and financial policy.
According to the finance ministry, the International Monetary Fund (IMF) will hand over the economic and financial policy for the renewed deal providing an economic relief package to Pakistan.
Finance Minister Miftat Ismail said in the NA session that although the country is rife with negative sentiments expressed by many financial quarters it looks very likely that the restoration of the IMF programme is in the offing.
The loan amount was to be paid between July to December 2021 or 2022??
haha
Hy ranaijaz. Service the on
The press statement released by the Economic Affairs Division stated that Pakistan has also inked loan deferred agreements with G-20 countries worth $3.68 billion. The loan amount was to be paid between July to December 2021.
What have bitcoin and Ethereum got to do with it?
Shame on all governments of Pakistan. None of them contributed for the well-being of state people. They vandalized us unanimously. Now, each among them us blaming one another . It’s our fault because we elected them . We gave them votes. Now we should throw stones at them
Pak is not going to pay even after deferred payment
Forget it is going to be written off or G20 has to take any foreign assets of pak if available
🖕 li li di diya
Well we will eat all dollars in import we should introduce control rate at Rs 150 and all remittances be 40 % encashed and balance 60% be issued dollar vouchers for imports and all others payment and forty % purchased by SBP oil and wheat be purchased and loan be paid which will also stop money laundering and tourism
Will it be a relief to people or just the govt??
Whatever loan taken from Western powers by Pakistan’s politicians or military dictators is not spent for Pakistan’s prosperity, but for elite class in the country. According to UNDP recent report, ” Pakistan’s elite class has worth of $3.06bn”. Muhammad Waseem in his book ‘ political conflict in Pakistan, says, ” Pakistan’s political system is quagmire tale of two classes: Military and elite class/politicians. Both strive to seek their vested interests. None cares Jinnah’s vision, none thinks about Pakistan’s future.
Cent percent agreed 👍👍👍
Who got these loans by G20 countries?
Kindly someone would like to find out for me?
Shame on you all of more then relief you give this baster croupet groverment