LAHORE – The business community Saturday applauded the government for securing debt relief of $1.7 billion for another six months from G20 and other creditors, calling for driving a campaign to write off Pakistan debt permanently, as the country has paid $10.4 billion on account of debt servicing during last fiscal year.
Federation of Pakistan Chambers of Commerce and Industry(FPCCI) President Mian Anjum Nisar said that the G20 countries, together with the Paris Club creditors announced a Debt Service Suspension Initiative (DSSI) amounting to $1.7 billion, which will provide much-needed fiscal space to Pakistan in its fight against the Covid-19 but the world should also pay attention to Prime Minister Imran Khans call to write off the …
Read the full article at: https://nation.com.pk/27-Dec-2020/pakistan-needs-long-term-debt-relief-as-it-pays-dollar-10-4b-in-debt-servicing