Debt Service Suspension Agreement with Korea signed.

ISLAMABAD -- The Government on Monday signed a Debt Service Suspension Agreement with Republic of Korea amounting to deferment of payment of loans worth $19.911 million, under the G-20 Debt Service Suspension Initiative (DSSI) framework.

This amount, initially had to be repaid between July and December 2021, will now be repaid over a period of six years (including one-year grace period) in semi-annual installments, said a press release issued by the Economic Affairs Division (EAD).

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 urgent health and economic needs of the country.

The total amount of debt, that is to be...

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