Pakistan likely to get debt relief from May 1: FM Qureshi 1

Pakistan likely to get debt relief from May 1: FM Qureshi

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Islamabad: Foreign Minister Shah Mahmood Qureshi said on Thursday that Pakistan is expected to begin debt relief from May 1.

In an interview with the G20 and the International Monetary Fund’s decision to provide debt relief to developing countries, the Secretary of State said approximately 70 countries, including Pakistan, would benefit. He said the lighting will last a year.

He said Pakistan is expected to get great relief from the International Monetary Fund.

The Foreign Minister recalled that Prime Minister Imran Khan had called on world leaders and institutions to restructure loans from developing countries to meet the challenge of the corona virus.

He said this will enable developing countries to transfer their resources to protect people’s lives and their health systems can respond more effectively to this challenge.

Shah Mahmood Qureshi said the Prime Minister’s appeal was endorsed by the UN Secretary General, the International Monetary Fund and the G-20 countries.

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