Monday June 27, 2022

Pakistan Signs Agreement With France to Suspend $107m Loans

ISLAMABAD: The Government of Pakistan Monday signed an agreement with the French Republic under the G20 Debt Service Suspension Initiative (DSSI), the Ministry of Economic Affairs stated.

According to a statement released in this regard, the ministry stated that the government signed a DSSI, amounting to the suspension of loans worth $107 million under the G20 DSSI framework. 

“This amount, initially repayable between July and December 2021, will now be repaid over a period of six years (including a one-year grace period) in semi-annual instalments,” the statement read.

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