Pakistan s government and the Asian Development Bank (ADB) have signed six financial loan agreements worth USD 1.543 billion to help finance projects related to roads, energy, urban infrastructures and others, a media report said.
Pakistan government and the Asian Development Bank (ADB) have signed six financial loan agreements worth USD 1.543 billion to help finance projects related to
Pakistan government and the Asian Development Bank (ADB) have signed six financial loan agreements worth USD 1.543 billion to help finance projects related to
PM appoints Noor Ahmed as ADB ED tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
Pakistan, Japan sign debt suspension pact
National
April 28, 2021
ISLAMABAD: Pakistan and Japan on Tuesday signed a debt suspension agreement amounting to $367 million under G-20 Debt Service Suspension Initiative (DSSI).
According to an official announcement made here by the Economic Affairs Division (EAD), the governments of Pakistan and Japan signed debt suspension agreements amounting to $367 million under the G-20 Debt Service Suspension Initiative (Phase-I). Noor Ahmed, Economic Affairs Division Secretary and Kuninori Matsuda, Ambassador of Japan to Pakistan, signed the agreement in Islamabad. The signing ceremony was witnessed by senior officials of the Japanese Embassy.
In the wake of COVID-19, the G20 countries, together with the Paris Club creditors, announced a Debt Service Suspension Initiative (DSSI) to provide much needed fiscal space to stressed countries to meet their urgent economic and health needs. The government of Pakistan taking advantage of this initiati