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Franco-Pak Debt Service Suspension Agreement

ISLAMABAD: Economic Affairs Division of the GoP has taken to the twitter to inform: “The Government of Pakistan signed a Debt Service Suspension Agreement with the French Republic, amounting to suspension of loans worth USD 107 million, under the G-20 Debt Service Suspension Initiative (DSSI) framework.”

“The GOP has already signed agreements with the France for suspension of USD 261m. Due to the support extended by the development partners of Pakistan, the G-20 DSSI has provided the fiscal space which was necessary to deal with the urgent health and economic needs of the country.

“The amount, initially repayable between Jul – Dec 2021 will now be repaid over a period of six years (including one-year grace period) in semi-annual installments.” | YouTube Channel

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.