{"id":65378,"date":"2020-05-13T10:00:42","date_gmt":"2020-05-13T05:00:42","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65378"},"modified":"2020-05-13T16:23:25","modified_gmt":"2020-05-13T11:23:25","slug":"govt-reschedule-usd-1-8bn-debt-payment-g20-countries","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-reschedule-usd-1-8bn-debt-payment-g20-countries.html","title":{"rendered":"Govt to reschedule USD 1.8bn in debt payment to G20 countries"},"content":{"rendered":"\n<p>Islamabad: The federal government has announced rescheduling the payment of USD 1.8 billion in debt to the G20 countries, which is due by December 2020, a news source reported. Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh said that Pakistan was not rescheduling any commercial loan at the moment.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/sindh-cm-urged-curb-land-encroachment-activities-karachis-industrial-area.html\" target=\"_blank\" rel=\"noreferrer noopener\">Sindh CM urged to curb land encroachment activities in Karachi\u2019s industrial area<\/a><\/p>\n\n\n\n<p>Pakistan had to pay back USD 1.8 billion \u2013 out of the total USD 20.7 billion \u2013 to 11 out of the 20 rich countries by the end of this year. However, due to the <a href=\"https:\/\/www.zameen.com\/news\/govt-enhance-testing-capacity-stop-covid-19-transmissions-sapm.html\" target=\"_blank\" rel=\"noreferrer noopener\">COVID-19 outbreak<\/a>, Group 20 (G20) countries decided to provide relief to the developing countries by postponing the debts they owed.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/uzbekistan-to-utilise-karachi-gwadar-ports-trade.html\" target=\"_blank\" rel=\"noreferrer noopener\">Uzbekistan seeks to utilise Karachi, Gwadar ports for trade<\/a><\/p>\n\n\n\n<p>Subsequently, Shaikh held a meeting with French Ambassador Dr Marc Barety, Economic Counselor Mrs Anais Boitiere and Ambassador of Germany Bernhard Stephan Schlagheck, in this regard. The adviser discussed the details of the debts rescheduling and the possible need for additional loans.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/parks-recreational-facilities-remain-shut-until-situation-improves-karachi-mayor.html\" target=\"_blank\" rel=\"noreferrer noopener\">Parks, recreational facilities to remain shut until situation improves: Karachi Mayor<\/a><\/p>\n\n\n\n<p>The adviser said that that the Finance Division planned to follow the requirements of the Debt Limitation Act before borrowing more loans and added that any additional loans would be taken for clearing the pending debt stocks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government has announced rescheduling the payment of USD 1.8 billion in debt to the G20 countries, which is due by December 2020, a news source reported. Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh said that Pakistan was not rescheduling any commercial loan at the moment. Read: Sindh CM urged to curb land encroachment activities in Karachi\u2019s industrial area Pakistan had to pay back USD 1.8 billion \u2013 out of the total USD 20.7 billion \u2013 to 11 out of the 20 rich countries by the end of this year. However, due to the COVID-19 outbreak, Group 20 (G20) countries decided to provide relief to the developing countries by postponing the debts they owed. Read: Uzbekistan seeks to utilise Karachi, Gwadar ports for trade Subsequently, Shaikh held a meeting with French Ambassador Dr Marc Barety, Economic Counselor Mrs Anais Boitiere and Ambassador of Germany Bernhard Stephan Schlagheck, in this regard. The adviser discussed the details of the debts rescheduling and the possible need for additional loans. Read: Parks, recreational facilities to remain shut until situation improves: Karachi Mayor The adviser said that that the Finance Division planned to follow the requirements of&hellip;<\/p>\n","protected":false},"author":76,"featured_media":63462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[28899,28898,28900,28897],"persona":[],"class_list":{"0":"post-65378","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-adviser-to-the-prime-minister-on-finance-and-revenue-dr-abdul-hafeez-shaikh","9":"tag-debt-payment-to-g20-countries","10":"tag-group-20-g20-countries","11":"tag-usd-1-8-billion-in-debt","12":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt USD 1.8bn in debt payment to G20 countries - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government has announced rescheduling the payment of USD 1.8 billion in debt to the G20 countries, which is due by December 2020\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-reschedule-usd-1-8bn-debt-payment-g20-countries.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt USD 1.8bn in debt payment to G20 countries - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government has announced rescheduling the payment of USD 1.8 billion in debt to the G20 countries, which is due by December 2020\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-reschedule-usd-1-8bn-debt-payment-g20-countries.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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