It is common knowledge that since the rising cases of coronavirus infection in Pakistan, economic slowdown is inevitable. In fact, the story of other developing countries is the same. Countries, like Pakistan, across the globe will suffer deep impacts of the COVID-19 pandemic.
Visualising this same situation, Prime Minister Imran Khan has already asked for slashing debts owed by Pakistan and similar developing countries. Now, this may be an unrealistic goal to achieve. But the recent request made by the International Monetary Fund (IMF) and World Bank (WB) makes more sense.
Both international organisations have asked the G20 states for at least postponing the debt repayments owed to them by different countries so they can fight the coronavirus infection in their respective regions.
This request is quite logical and deserves appreciation. Let us hope, it gets due attention too. Because even after overcoming this coronavirus infection in Pakistan, we are looking at a long economic recovery.