ISLAMABAD: Pakistan on Wednesday signed two Debt Service Suspension Agreements (DSSAs) with Japan and Switzerland for suspension of $197.5 million loans, under the G-20 Debt Service Suspension Initiative (DSSI) framework allowed to the poor nations as relief to absorb Covid-19 shock.

Of this total amount, $191.60m was owed to Japanese International Cooperation Agency (JICA) during the period from January to June 2021 and $5.89 million to the Government of the Swiss Confederation during the period from July to December 2021.

These amounts will now be repaid over a period of six years (including one-year grace period) in semi-annual installments.

The total amount of debt that has been suspended and rescheduled under the DSSI framework, covering the period from May 2020 to December 2021 stands at $3.688bn.

Published in Dawn,June 16th, 2022

Opinion

Editorial

First steps
Updated 29 May, 2024

First steps

One hopes that this small change will pave the way for bigger things.
Rafah inferno
29 May, 2024

Rafah inferno

THE level of barbarity witnessed in Sunday’s Israeli air strike targeting a refugee camp in Rafah is shocking even...
On a whim
29 May, 2024

On a whim

THE sudden declaration of May 28 as a public holiday to observe Youm-i-Takbeer — the anniversary of Pakistan’s...
Afghan puzzle
Updated 28 May, 2024

Afghan puzzle

Unless these elements are neutralised, it will not be possible to have the upper hand over terrorist groups.
Attacking minorities
28 May, 2024

Attacking minorities

Mobs turn into executioners due to the authorities’ helplessness before these elements.
Persistent scourge
Updated 29 May, 2024

Persistent scourge

THE challenge of polio in Pakistan has reached a new nadir, drawing grave concerns from the Technical Advisory Group...