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All Stories: debt relief

‘China pledges over $90m for flood-hit Pakistan’

BEIJING: Chinese Ambassador to Pakistan Nong Rong has asserted that China has so far pledged over $90 million in assistance to Pakistan after the...

US extends debt relief to Pakistan after floods

ISLAMABAD: Washington on Friday rolled over an agreement to suspend service payments on $132 million of Pakistan's debt, the US embassy in Islamabad said,...

Biden announces student loan debt relief plan

President Joe Biden said on Wednesday that the U.S. government will forgive $10,000 in student loans for many debt-saddled college-goers, a move that could...

UAE banks waive over Dh1b in debt owed by Emiratis

The UAE's Non-performing Debt Relief Fund announced on Wednesday that 20 banks and financial institutions had waived the debts of 4,511 Emirati citizens, with...

PM repeats call for pandemic debt relief for developing nations

ISLAMABAD: Prime Minister Imran Khan on Tuesday reiterated his call for prioritizing vaccine equity, debt relief, and return of stolen wealth to developing countries...

Pakistan hopeful of getting another debt relief of US$1 bn from G-20

ISLAMABAD: Pakistan is hopeful to get a third relief in debt payments from the G-20 countries, seeking a suspension of over US$1 billion payments,...

Pakistan secures $370mn debt relief from Japan

Pakistan and Japan on Tuesday inked debt suspension agreements amounting to $ 367 million under the G-20 debt service suspension initiative.

IMF, World Bank begin push to swap debt relief for green projects

The idea of forgiving debt held by poor countries in exchange for "green" investments gained ground this week during the spring meetings of the IMF and World Bank, with concrete proposals expected in time for a global climate summit this fall.

US says provided $128m in debt relief to Pakistan

'Through efforts like this, the U.S. and Pakistan are working together to redirect critical resources to the #COVID19 pandemic response'

G20 strikes historic debt pact to help poorer states hit by COVID

Major creditors, including China, will be expected to follow the joint guidelines agreed by the G20, which lays out how debt deemed to be unsustainable can be reduced or rescheduled

PM Imran urges G20 states to grant debt relief to developing countries

Prime Minister Imran Khan on Tuesday urged the G20 states and the world economic bodies to grant debt relief to developing countries for at least one year as their economies have been hit hard by the novel coronavirus.

Pakistan urges Denmark to play role on debt relief initiative

Highlighting the economic challenges faced by developing countries amid COVID-19 pandemic, Foreign Minister Shah Mahmood Qureshi on Thursday urged Denmark to play its role on Prime Minister Imran Khan’s proposal for debt relief.

Pakistan gets debt relief from G20 countries amid coronavirus crisis

The G20 countries have provided a major relief to Pakistan by postponing debt payment worth $12 billion in the current fiscal year and approved the time period up to 2.5 years.

FM Qureshi discusses debt relief initiative with IMF representative

The two deliberated on the COVID-19 pandemic and its aftermath

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

FM Qureshi said Pakistan is expected to get a major relief from the International Monetary Fund.

UN secretary general backs PM Imran’s call for debt relief

The spokesman said it is important that the limited resources of the world’s poorest countries be used to combat Covid-19 virus.

World Bank sees ‘huge willingness’ to suspend debt payments for poorest countries

The World Bank is seeing “a huge willingness” on the part of official bilateral creditors to suspend debt payments by the world’s poorest countries

COVID-19 crisis: PM Imran Khan calls for ‘Global Initiative on Debt Relief’

PM Imran Khan invited the United Nations (UN) Secretary-General António Guterres to work with him in advancing the objectives of a coordinated response.

COVID-19 cases and deaths rising, debt relief needed for poorest nations: WHO

WHO Director-General Tedros Adhanom Ghebreyesus said that his agency, the World Bank and the IMF backed debt relief to help developing countries cope with the pandemic’s social and economic consequences.
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