IMF agrees relief to Pakistan

By Masood Sattar Khan 
(Pakistan News & Features Services)

Foreign Minister Shah Mahmood Qureshi has observed that Prime Minister Imran Khan’s appeal to the world yielded results to reschedule the loans as world particularly the developing countries were under enormous pressure. 

Talking to electronic media, the Foreign Minister revealed that the International Monetary Fund (IMF) has agreed to reschedule the loan Pakistan obtained for one year that would be effective with immediate effect. 

He also disclosed having held talks with the Chinese Foreign Minister, Wang Yi, before the G-20 meeting as many counties were of the view that China and Russia could play significant role in loan rescheduling. 

Shah Mahmood said that his Chinese counterpart had given him the assurance of his country fully supporting the initiative of Pakistan’s Prime Minister. 

Claiming that the diplomacy was bringing in the results, he informed that China has also agreed to reschedule its loan, following adverse effects on economy due to Coronavirus.