ECC allows EAD signing of Debt rescheduling agreement with Russia

News Image

By MG News | February 13, 2023 at 05:50 PM GMT+05:00

0:00

February 13, 2023 (MLN): The Economic Coordination Committee (ECC) of the Cabinet has given the green light to the Ministry of Economic Affairs Division (EAD) to sign a debt rescheduling agreement with Russia.

The agreement pertains to the suspension of a Covid-19-related debt amounting to $14.53 million.

The Ministry of Economic Affairs presented a summary of the G-20 Debt Service Suspension Initiative (DSSI) during the meeting.

The initiative, which was announced in April 2020, aimed to provide debt relief to IDA-eligible countries in an effort to mitigate the socioeconomic impact of the Covid-19 pandemic. Under the initiative, the suspension of principal and interest payments was extended to eligible countries.

So far, the Ministry of Economic Affairs has signed 37 debt rescheduling agreements with 15 creditor countries.

The meeting was chaired by Federal Minister for Finance and Revenue Senator Ishaq Dar.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,200.00 110,525.00
107,865.00
-1215.00
-1.10%
BRENT CRUDE 67.55 67.96
67.22
-0.75
-1.10%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.76 67.18
65.40
-1.24
-1.85%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 07, 2025 at 06:02 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg