The Ministry of Economic Affairs has estimated that Pakistan can potentially get relief worth $915m during January-June 2021. photo: reuters
ISLAMABAD:
Pakistan has so far secured $800 million worth of debt freeze deals from 14 members of the richest club of G-20 countries, as it still awaits ratification by remaining six countries including Saudi Arabia and Japan involving $1 billion transactions.
Pakistan along with 76 other poor African countries had qualified for the G-20 debt relief initiative, announced in April this year for May-December 2020 period, to combat the adverse impacts of the pandemic.
During the past seven months 14 countries ratified their agreements with Pakistan, which has provided fiscal space of $800 million …
Read the full article at: https://tribune.com.pk/story/2273063/pakistan-secures-800m-in-debt-relief
