Washington: Debt loads in low-income countries surged 12 per cent to a record $860 billion in 2020 amid the pandemic, prompting World Bank President David Malpass to call Monday for a “comprehensive plan” to deal with the issue. “Sustainable debt levels are vital for economic recovery and poverty reduction,” he said. Efforts to combat Covid-19 … Read more
Prime Minister (PM) Imran Khan has once again called for equality in coronavirus vaccine distribution. According to the details, Prime Minister Imran Khan addressed the opening segment of the 77th Session of the United Nations Economic and Social Commission for Asia and the Pacific virtually on Monday. During his address, Prime Minister Imran Khan emphasized … Read more
Pakistan has so far secured $128 million from the United States as part of the debt relief in 2020 under the G20 Debt Service Suspension Initiative. According to the details, U.S. Embassy Islamabad in its tweet said: “Under the #G20 Debt Service Suspension Initiative, the U.S. provided $128 million in debt relief to Pakistan in … Read more
Minister for Railways Sheikh Rasheed Ahmed said on Sunday that we are thankful to Allah that coronavirus is controlled in Pakistan. He said that forensic report of sugar price hike could get delayed by 10 days. Federal Minister Sheikh Rasheed has said that Prime Minister Imran Khan saved the country from default by getting debt … Read more
Foreign Minister Shah Mahmood Qureshi has said that Prime Minister’s appeal for debt relief and restructuring for developing countries endorsed by the UN Secretary General, the International Monetary Fund and the G-20 countries at a meeting. Shah Mahmood Qureshi said that about seventy six developing countries including Pakistan will get debt relief from the 1st … Read more
Prime Minister Imran Khan called for a Global Initiative on Debt Relief to deal with coronavirus pandemic. Prime Minister Imran Khan said in a message broadcast to the international community that coronavirus pandemic has given birth to unprecedented health and economic challenges. He feared that the global slump might be worse than depression. Apart from … Read more
