ISLAMABAD: Pakistan has appealed to international stakeholders for urgent debt relief for developing countries so they can deal more effectively ...
Share this contentISLAMABAD: Pakistan has appealed to international stakeholders for urgent debt relief for developing countries so they can deal more effectively with the economic fallout from the coronavirus pandemic, the government said on Sunday.
"Pakistan with a population of 220 million, so far the best stimulus package we can afford is US$8 billion," Khan said in the video, adding that highly indebted countries lack fiscal space to spend on health and social support.Pakistan, which is over US$100 billion in debt to foreign lenders and spends the largest chunk of its budget on debt servicing, last week began a US$900 million cash disbursement programme to 12 million poor families rendered unemployed due to lockdowns.
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