The United States of America (USA) has suspended Pakistan’s debt repayment of $132m aftermath of the flood’s devastations in the county.
The USA Embassy in its tweet announced that USA Ambassador David Blome on Friday signed the second USA-Pakistan bilateral agreement for suspension of the repayment.
The suspension was carried out under the G-20 Debt Service Suspension Initiative, the US Embassy further said.
It added, “Our priority is to redirect critical resources in Pakistan.”
Ambassador Blome today signed the second U.S.-Pakistan bilateral agreement under the #G20 Debt Service Suspension Initiative, providing $132 million in U.S. debt relief to Pakistan. Our priority is to redirect critical resources in Pakistan. pic.twitter.com/UlwFzoXPWw
— U.S. Embassy Islamabad (@usembislamabad) September 30, 2022
Earlier on Thursday, Foreign Minister Bilawal Bhutto-Zardari renewed call for urgent debt relief and aid to help Pakistan meet the unprecedented challenges posed by climate-induced flooding and said that the estimated damage from the floods may exceed $30 billion.
During a press conference in Washington, the foreign minister stated that the main purpose of his visit to America is to get help for the flood victims in Pakistan.
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Talking about the economic crisis, he criticised the Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan for causing great damage to Pakistan’s foreign policy and economy.
