ISLAMABAD, Nov 13: Pakistan and Sweden on Tuesday signed a debt rescheduling accord worth $51.320 million for repayment in 30 semi-annual instalments, from Nov 1, 2004.

The agreement was signed by Nawid Ahsan, Secretary, Economic Affairs Division and by Peter Tejler, Ambassador of Sweden in Pakistan on behalf of his government.

Negotiations were held between Pakistan and Sweden governments on the consolidation and rescheduling of debt owed by the former to the latter, in pursuance of the agreed minute of the Paris Club signed on January 23, 2001.

An agreement was signed here on Tuesday, under which debt service payments of $51.320m due during March 1, 2000 to Sept 30, 2001 have been consolidated and rescheduled for repayment in 30 instalments.—APP