PARIS: Paris club has extended the debt deadline of Pakistan because of the worsening COVID-19conditios in the country.
The country has until December to make the payment, the club said in a statement, without releasing a figure.
Islamabad “is committed to devote the resources freed by this initiative to increase spending in order to mitigate the health, economic and social impact of the Covid-19 crisis,” the statement said.
The country’s debt amounts to some 90 per cent of its gross domestic product, according to the International Monetary Fund.