Pakistan may get $900m debt relief from G20 states

By: News Desk
Published: 03:37 PM, 6 Apr, 2021
Debt relief
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There was a strong possibility that Pakistan may get $900 million relief from the G20 countries, reported 24NewsHD TV channel on Tuesday, quoting sources.

According to these sources, the Finance Ministry has started listing the recommendations for loan deferment by the G20 countries which may range from $800 million to $900 million.

The sources said the relief from G20 countries is likely to pour in between July to December 2021.

The International Monetary Fund (IMF) has proposed to the G20 nations to put off the loan payments.

The sources said the G20 states are expected to defer loans of low-income countries, so they can tackle the situation arising out of the coronavirus pandemic. 

Reporter Waqas Azeem