PM Imran Khan hails debt relief measures by G-20 Countries, IMF & World Bank

Government of PakistanPM Imran Khan hails debt relief measures by G-20 Countries, IMF &...

ISLAMABAD, Pakistan: Prime Minister Imran Khan has appreciated the debt relief measures by G-20 Countries, International Monetary Fund (IMF) and World Bank for Developing Countries including Pakistan.

The appreciation was echoed by the prime minister when his Advisor on Finance Dr Abdul Hafeez Sheikh met him in Islamabad on Thursday.

The finance advisor informed the prime minister about the planned approval of an additional US$ 1.4 billion concessionary financing from IMF to deal with the economic impact of Coronavirus (COVID-19).

Dr Abdul Hafeez Sheikh also updated the prime minister about the progress on various components of the Economic Stimulus Package announced by the government.

About 76 Developing Countries including Pakistan will get the debt relief from May 1, 2020 initially for a period of one year, the Foreign Minister Shah Mahmood Qureshi told earlier in the day.

Qureshi pointed out that the prime minister’s appeal for debt relief and restructuring for Developing Countries was endorsed by the UN Secretary General Antonio Guterres, the IMF, and the G-20 Countries at a meeting yesterday.

The foreign minister said that Pakistan spends one-third of its revenue on payment of debt and this debt relief will greatly benefit Pakistan.


Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Majority of Foreign Media Promotes Untrue Inferences of Imran Khan

DND ReportLahore, Pakistan: Former Prime Minister Imran Khan has said that Dr. Yasmeen Rashid has been acquitted by Court in the vandalism Case and...

Five types of visas you can apply for job in UAE

If you are planning to work in the United Arab Emirates (UAE), there are several types of visas you can apply for depending on...

Saudi authorities thwart attempts to smuggle drugs

RIYADH, Saudi Arabia: The Saudi authorities on Tuesday seized a large cache of narcotics in Riyadh, Duba Port, Al Haditha, Jazan, and the Asir...
Top Schools in Ajman,

Ajman Modern School Guide: An Informative Overview for Parents

HighlightsAbout Ajman Modern School Curriculum and Learning Approach Student Development Programs School Leadership and Vision Preparing Students for the Future Support Services and...

FM Bilawal for enhancing Pakistan-Iraq economic cooperation

BAGHDAD, Iraq: The Foreign Minister Bilawal Bhutto Zardari has said that there is immense potential to increase trade and economic cooperation between Pakistan and...