The United States of America (USA) has suspended Pakistan’s debt repayment of $132m aftermath of the flood’s devastations in the county.
The USA Embassy in its tweet announced that USA Ambassador David Blome on Friday signed the second USA-Pakistan bilateral agreement for suspension of the repayment.
The suspension was carried out under the G-20 Debt Service Suspension Initiative, the US Embassy further said.
It added, “Our priority is to redirect critical resources in Pakistan.”
Ambassador Blome today signed the second U.S.-Pakistan bilateral agreement under the #G20 Debt Service Suspension Initiative, providing $132 million in U.S. debt relief to Pakistan. Our priority is to redirect critical resources in Pakistan. pic.twitter.com/UlwFzoXPWw
— U.S. Embassy Islamabad (@usembislamabad) September 30, 2022
Earlier on Thursday, Foreign Minister Bilawal Bhutto Zardari renewed his call for immediate debt relief and aid to help Pakistan deal with the unprecedented challenges posed by climate-related floods and said the damage caused by the floods was estimated at 30 billion. Can exceed $.
While giving a press conference in Washington, the foreign minister said that the main purpose of his visit to America is to help the flood victims in Pakistan.
