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PAKISTAN GETS $3.68B DEBT RELIEF FROM G-20 COUNTRIES

FOOLS_NIGHTMARE

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The global debt payments suspension initiative by the G-20 countries has provided temporary relief of around $3.68 billion to Pakistan, ARY News reported.

As per details, Pakistan and France have inked an agreement deferring payment of $107million. The agreement was signed by the Secretary of Economic Affairs Division, Mian Asad and France’s envoy Nicolas Galey.

The press statement released by the Economic Affairs Division stated that Pakistan has also inked loan deferred agreements with G-20 countries worth $3.68 billion. The loan amount was to be paid between July to December 2021.


Read more: Finance Ministry says Pakistan-IMF deal to be sealed tomorrow

Meanwhile, the Pak-IMF deal providing Pakistan with the $1 billion loans is expected to be sealed today as IMF plans to hand over Pakistan the economic and financial policy.

According to the finance ministry, the International Monetary Fund (IMF) will hand over the economic and financial policy for the renewed deal providing an economic relief package to Pakistan.

Finance Minister Mifta Ismail said in the NA session that although the country is rife with negative sentiments expressed by many financial quarters it looks very likely that the restoration of the IMF programme is in the offing.
 

Kuru

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Looks like understanding has been reached with all parties, the next G20 summit will indeed take place in Kashmir without any protests or ‘unwanted incidents.’
 

Indos

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Lods finally started helping their proxies

G 20 is now lead by Indonesia. Economic matter is handled by Sri Mulyani Indrawati that has strong sentiment with Pakistan.

FEATURE STORY

“I think of Pakistan and I think of Indonesia”: Sri Mulyani Indrawati​

August 5, 2015

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hydrabadi_arab

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G 20 is now lead by Indonesia. Economic matter is handled by Sri Mulyani Indrawati that has strong sentiment with Pakistan.

FEATURE STORY

“I think of Pakistan and I think of Indonesia”: Sri Mulyani Indrawati​

August 5, 2015

View attachment 857438
View attachment 857437

Pakistanis died for Indonesia freedom despite the fact that we have nothing in common apart from religion. They remember this gesture.
 

Indos

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Pakistanis died for Indonesia freedom despite the fact that we have nothing in common apart from religion. They remember this gesture.

That is right, around 600 Indian troops Muslim (before Pakistan become a country) leave the British Indian regiment and fought in the side of Indonesia.

Our enemy during Independence war is British soldiers, British Indian soldiers, Dutch soldiers, and possible Gurka soldiers under British Indian soldiers

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Some Japanese soldiers are also staying and fought in the side of Indonesia. Even one of member Indonesian in this forum @Madokaft is the offspring of Japanese soldiers taking side with Indonesia.
 

Jungibaaz

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In the short term, debt relief is the best outcome, then bilateral support and payment facilities, then multilateral support and the IMF — in that order.

Long term, none of this does what we need, and every government has consistently failed to implement the reforms needed to stop us from ending up with ballooning twin deficits, no trust worthy system or state, lack of FDI and exports, etc.

When things settle down in a year or so, when IMF conditions are partly digested, the next tranche is not imminent and global inflation trends ease a bit… we should not lose sight of the second para. Just because it will look to be getting better, does not mean we’ll be out of crisis mode. Pakistan’s leaders (somehow) must be up to the task to do what’s needed long run, even if it means becoming unpopular. I don’t see it happening, but there you have it.
 

AZ1

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yeah!! now we dont have to pay back thank you pdm lol

In the short term, debt relief is the best outcome, then bilateral support and payment facilities, then multilateral support and the IMF — in that order.

Long term, none of this does what we need, and every government has consistently failed to implement the reforms needed to stop us from ending up with ballooning twin deficits, no trust worthy system or state, lack of FDI and exports, etc.

When things settle down in a year or so, when IMF conditions are partly digested, the next tranche is not imminent and global inflation trends ease a bit… we should not lose sight of the second para. Just because it will look to be getting better, does not mean we’ll be out of crisis mode. Pakistan’s leaders (somehow) must be up to the task to do what’s needed long run, even if it means becoming unpopular. I don’t see it happening, but there you have it.
things are not going to settle down in a year, russia ukrain war also not going to stop until west go down infront of russia.

So even we survive this year, with our lower export and remittance we will be in tough situation than this next year.
 

Dalit

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Pakistan isn't going anywhere. The amount of loans it has borrowed over the years are nothing short of mount Everest. Having a few billion shaved off won't make a difference.

Pakistan has more expenditure and corruption as opposed to revenue generation capacity. This will always remain a bottleneck. The people of Pakistan are indebted for generations to come.
 

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