Paris Club defaults Pakistan – Express Urdu

Pakistan will obtain greater than 1 1 billion in aid from this concession. Photo, file

Paris: The Paris Group, a lender to growing international locations, has introduced the deferment of Pakistan's debt beneath the G20 Relief Agreement.

According to a international information company, the variety of international locations receiving a ر 1.1 billion mortgage concession within the current settlement between the G20 and the Paris Club has risen to 12. Earlier, 30 international locations have contacted to learn from this program.

Pakistan has borrowed a complete of اع 20.7 billion from 11 international locations on this group of the richest international locations within the G20. The present settlement will present ڈالر 1.10 billion in aid to Pakistan.

In May, Pakistan utilized to the G20 for debt aid. In addition to non-commercial loans in step with IMF and World Bank directives, no additional loans have been assured.

It must be famous that on April 15, the G20 international locations had accredited the freezing of loans for 76 international locations, together with Pakistan, from May to December 2020 on the situation of a proper request. Prime Minister Imran Khan and the IMF had additionally requested growing international locations to default on their loans.

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